Invesco Bond Fund (NYSE:VBF) Sees Large Increase in Short Interest

Invesco Bond Fund (NYSE:VBF – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 3,600 shares, an increase of 24.1% from the April 15th total of 2,900 shares. Based on an average trading volume of 31,900 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1607 Capital Partners LLC grew its stake in shares of Invesco Bond Fund by 4,255.1% in the first quarter. 1607 Capital Partners LLC now owns 479,066 shares of the financial services provider’s stock valued at $8,393,000 after buying an additional 468,066 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Invesco Bond Fund in the first quarter valued at $198,000. Sit Investment Associates Inc. grew its position in shares of Invesco Bond Fund by 9.6% in the 1st quarter. Sit Investment Associates Inc. now owns 786,300 shares of the financial services provider’s stock valued at $13,776,000 after acquiring an additional 69,029 shares during the period. Oak Harbor Wealth Partners LLC acquired a new position in shares of Invesco Bond Fund during the 1st quarter worth about $262,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Invesco Bond Fund during the 1st quarter worth about $53,000. 39.38% of the stock is owned by institutional investors.

Shares of NYSE VBF opened at $15.93 on Thursday. The stock has a 50 day moving average price of $16.81 and a 200 day moving average price of $18.33. Invesco Bond Fund has a 52 week low of $15.77 and a 52 week high of $21.42.

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Friday, May 13th.

About Invesco Bond Fund (Get Rating)

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.

See Also