Invesco Bond Fund (NYSE:VBF) Shares Shorted: Short Interest Up 91.8% in October

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

Hedge Funds Weigh In On Invesco Bond Fund

A number of large investors have recently added to or reduced their stakes in VBF. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Invesco Bond Fund during the third quarter worth approximately $318,000. Bank of America Corp DE purchased a new position in Invesco Bond Fund in the 2nd quarter valued at $1,023,000. Hara Capital LLC purchased a new position in Invesco Bond Fund in the 2nd quarter valued at $932,000. Noble Wealth Management PBC boosted its stake in Invesco Bond Fund by 57.1% during the 2nd quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 970 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Invesco Bond Fund by 6.6% during the first quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider’s stock worth $569,000 after buying an additional 2,358 shares in the last quarter. 43.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco Bond Fund Price Performance

Shares of VBF stock opened at $14.64 on Friday. The business has a 50-day simple moving average of $14.42 and a 200-day simple moving average of $14.90. Invesco Bond Fund has a 52-week low of $14.03 and a 52-week high of $15.85.

Invesco Bond Fund Increases Dividend

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

About Invesco Bond Fund

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.