Invesco Bond Fund (NYSE:VBF) Short Interest Update

Invesco Bond Fund (NYSE:VBF) was the recipient of a significant 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 daily volume of 29,700 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Bond Fund Price Performance

Invesco Bond Fund stock traded up $0.02 during midday trading on Friday, reaching $15.80. 12,339 shares of the stock traded hands, compared to its average volume of 35,087. Invesco Bond Fund has a 12 month low of $15.03 and a 12 month high of $17.48. The stock’s fifty day moving average is $16.36 and its 200-day moving average is $16.28.

Invesco Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.074 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oak Harbor Wealth Partners LLC boosted 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 acquiring an additional 1,065 shares during the period. Melfa Wealth Management Inc. boosted its position in Invesco Bond Fund by 16.2% in the 2nd quarter. Melfa Wealth Management Inc. now owns 26,964 shares of the financial services provider’s stock valued at $433,000 after buying an additional 3,750 shares during the period. ProVise Management Group LLC grew its stake in Invesco Bond Fund by 5.6% in the 2nd quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider’s stock worth $1,585,000 after acquiring an additional 5,255 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco Bond Fund during the second quarter worth approximately $98,000. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Invesco Bond Fund during the second quarter valued at approximately $168,000. 43.73% of the stock is owned by hedge funds and other institutional investors.

About Invesco Bond Fund

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.