Invesco Bond Fund (NYSE:VBF) Short Interest Down 63.4% in January

Invesco Bond Fund (NYSE:VBFGet Free Report) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 9,300 shares, a drop of 63.4% from the January 15th total of 25,400 shares. Based on an average trading volume of 41,100 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Bond Fund Stock Performance

Invesco Bond Fund stock traded up $0.07 during midday trading on Monday, reaching $15.84. 27,643 shares of the stock traded hands, compared to its average volume of 45,422. The company has a 50-day simple moving average of $15.59 and a two-hundred day simple moving average of $14.96. Invesco Bond Fund has a 12-month low of $13.68 and a 12-month high of $16.68.

Invesco Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Friday, February 16th will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Thursday, February 15th.

Institutional Trading of Invesco Bond Fund

A number of institutional investors have recently modified their holdings of VBF. Comerica Bank purchased a new position in Invesco Bond Fund during the third quarter worth about $28,000. Citigroup Inc. grew its stake in Invesco Bond Fund by 108.3% during the 1st quarter. Citigroup Inc. now owns 3,228 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,678 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Invesco Bond Fund during the 1st quarter valued at approximately $198,000. Shaker Financial Services LLC acquired a new stake in Invesco Bond Fund during the 2nd quarter valued at approximately $176,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Invesco Bond Fund during the 3rd quarter valued at approximately $206,000. 31.09% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Bond Fund

(Get Free Report)

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.

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