Invesco Bond Fund (NYSE:VBF) Experiences Major Short Interest Decline

The Invesco Bond Fund (NYSE:VBF - Get Free Report) encountered a notable decrease in short interest during December. By December 31st, short interest was recorded at 6,500 shares, marking a significant decline of 41.4% from the 11,100 shares noted on December 15th. With an average daily trading volume of 29,400 shares, the current days-to-cover ratio stands at 0.2 days.

Invesco Bond Fund Stock Performance

On Tuesday, shares of VBF descended by $0.01, reaching a price of $15.30. The trading volume for the day was 14,655 shares, which is lower than the average volume of 22,732 shares. The fund's fifty-day moving average price is $15.74, while the two-hundred day moving average price is $16.24. Within the past year, Invesco Bond Fund has hit a low of $15.03 and a high of $17.48.

Invesco Bond Fund Announces Dividend

The fund recently declared a monthly dividend that is scheduled for payment on January 31st. Shareholders on record as of January 17th will receive a dividend of $0.07. This amount translates to an annualized dividend of $0.84, providing a yield of 5.49%. The ex-dividend date for this payment is also set for January 17th.

Institutional Investors' Activity in Invesco Bond Fund

Recent movements by hedge funds reveal alterations in their stakes regarding the Invesco Bond Fund. Oak Harbor Wealth Partners LLC increased its holdings by 2.6% in the third quarter, now owning 42,576 shares valued at $724,000 after acquiring an additional 1,065 shares. ProVise Management Group LLC also raised its position in the second quarter by 5.6%, owning 98,845 shares now worth $1,585,000 after an additional purchase of 5,255 shares. Likewise, WealthBridge Capital Management LLC raised its stake by 41.3% in the third quarter, amassing 93,758 shares worth $1,595,000 due to the acquisition of an additional 27,407 shares. Notably, International Assets Investment Management LLC significantly boosted its holdings by 1,545.2% in the third quarter, now possessing 100,359 shares valued at $1,707,000 after acquiring 94,259 shares. Presently, 43.73% of the fund's stock is owned by hedge funds and other institutional investors.

Understanding Invesco Bond Fund

Invesco Bond Fund is a closed-end fixed income mutual fund established by Invesco Ltd. The fund is managed collaboratively by a team of investment firms, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, and others.

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