Short Interest in Invesco Bond Fund (NYSE:VBF) Declines By 25.3%

Invesco Bond Fund (NYSE:VBF) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 12,100 shares, a decline of 25.3% from the October 31st total of 16,200 shares. Based on an average trading volume of 29,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oak Harbor Wealth Partners LLC raised its holdings in Invesco Bond Fund by 2.6% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 42,576 shares of the financial services provider’s stock valued at $724,000 after buying an additional 1,065 shares during the last quarter. Melfa Wealth Management Inc. raised its stake in shares of Invesco Bond Fund by 16.2% during the second quarter. Melfa Wealth Management Inc. now owns 26,964 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 3,750 shares during the last quarter. ProVise Management Group LLC boosted its holdings in shares of Invesco Bond Fund by 5.6% during the second quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 5,255 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Invesco Bond Fund in the second quarter worth about $98,000. Finally, Gilman Hill Asset Management LLC purchased a new position in Invesco Bond Fund during the 2nd quarter valued at about $168,000. Institutional investors own 43.73% of the company’s stock.

Invesco Bond Fund Trading Up 0.4 %

VBF stock traded up $0.06 during trading on Friday, hitting $15.84. 17,203 shares of the company traded hands, compared to its average volume of 28,981. The company has a 50-day moving average of $16.34 and a 200-day moving average of $16.30. Invesco Bond Fund has a 1 year low of $15.03 and a 1 year high of $17.48.

Invesco Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.074 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Friday, November 15th.

Invesco Bond Fund Company Profile

Invesco Bond Fund is a close ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.