Invesco Bond Fund (NYSE:VBF) Stock Short Interest Report for October

Invesco Bond Fund (NYSE:VBF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 65,799 shares, an increase of 91.8% from the September 30th total of 34,310 shares. Based on an average daily volume of 37,117 shares, the short-interest ratio is currently 1.8 days. Currently, 0.7% of the shares of the company are short sold.

Invesco Bond Fund Stock Down 0.1%

Shares of VBF stock opened at $14.64 on Friday. The company has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $14.90. Invesco Bond Fund has a 12 month low of $14.03 and a 12 month high of $15.85.

Invesco Bond Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a dividend of $0.0695 per share. This is a positive change from Invesco Bond Fund’s previous monthly dividend of $0.0665. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Wednesday, October 14th.

Institutional Investors Weigh In On Invesco Bond Fund

A number of hedge funds have recently made changes to their positions in VBF. Allspring Global Investments Holdings LLC lifted its stake in Invesco Bond Fund by 51.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 294,626 shares of the financial services provider’s stock worth $4,419,000 after purchasing an additional 99,503 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Invesco Bond Fund in the 2nd quarter valued at about $1,023,000. Hara Capital LLC purchased a new stake in Invesco Bond Fund during the second quarter worth $932,000. Royal Bank of Canada lifted its stake in shares of Invesco Bond Fund by 6.6% during the 1st quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. bought a new stake in Invesco Bond Fund during the third quarter valued at about $318,000. 43.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Bond Fund Company Profile

Invesco Bond Fund (NYSE: VBF) is a closed-end investment company managed by Invesco Ltd. The fund seeks to provide investors with a high level of current income while preserving capital through a diversified portfolio of fixed-income securities.

The fund invests primarily in bonds and other debt instruments, which may include corporate bonds, U.S. government and agency securities, mortgage-related securities, and other income-producing fixed-income investments. Its portfolio is managed with a focus on credit quality, interest-rate exposure, and income generation.

VBF primarily invests in the U.S.