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

Invesco Bond Fund (NYSE:VBF - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 28,200 shares, a growth of 297.2% from the March 31st total of 7,100 shares. Based on an average daily volume of 35,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Invesco Bond Fund Stock Performance

VBF stock traded up $0.17 during midday trading on Friday, hitting $15.36. 16,562 shares of the stock were exchanged, compared to its average volume of 32,445. Invesco Bond Fund has a fifty-two week low of $14.33 and a fifty-two week high of $17.48. The stock's 50-day moving average price is $15.28 and its 200-day moving average price is $15.65.

Invesco Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.07 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.84 annualized dividend and a dividend yield of 5.47%.

Institutional Investors Weigh In On Invesco Bond Fund

A number of large investors have recently added to or reduced their stakes in the business. Noble Wealth Management PBC purchased a new stake in shares of Invesco Bond Fund in the first quarter valued at about $26,000. Janney Montgomery Scott LLC raised its position in shares of Invesco Bond Fund by 11.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,242 shares of the financial services provider's stock worth $483,000 after purchasing an additional 3,165 shares during the last quarter. Riverbridge Partners LLC purchased a new stake in Invesco Bond Fund in the 1st quarter valued at approximately $177,000. WealthBridge Capital Management LLC lifted its stake in Invesco Bond Fund by 10.8% in the 1st quarter. WealthBridge Capital Management LLC now owns 128,539 shares of the financial services provider's stock valued at $1,987,000 after buying an additional 12,497 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Invesco Bond Fund by 15.0% during the 4th quarter. Invesco Ltd. now owns 147,188 shares of the financial services provider's stock valued at $2,271,000 after buying an additional 19,192 shares during the last quarter. 43.73% of the stock is owned by institutional investors and hedge funds.

Invesco Bond Fund Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.