Invesco Bond Fund (NYSE:VBF) Stock Short Interest Rises 428.6%

Invesco Bond Fund (NYSE:VBF – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 43,791 shares, an increase of 428.6% from the August 31st total of 8,285 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 107,487 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Bond Fund Stock Up 0.4%

VBF stock opened at $14.31 on Friday. The stock’s 50 day simple moving average is $14.63 and its 200 day simple moving average is $14.88. Invesco Bond Fund has a 12-month low of $14.18 and a 12-month high of $15.87.

Invesco Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.0665 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Investors Weigh In On Invesco Bond Fund

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in Invesco Bond Fund during the 2nd quarter valued at about $1,023,000. Hara Capital LLC purchased a new stake in shares of Invesco Bond Fund during the 2nd quarter valued at about $932,000. Noble Wealth Management PBC grew its stake in shares of Invesco Bond Fund by 57.1% in the second quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 970 shares during the period. Royal Bank of Canada grew its stake in shares of Invesco Bond Fund by 6.6% in the first quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 2,358 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Invesco Bond Fund by 686.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,032 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 3,519 shares during the last quarter. 43.73% of the stock is owned by hedge funds and other institutional investors.

About Invesco Bond Fund

(Get Free Report)

Invesco Bond Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol VBF. The fund is managed by Invesco Ltd., a global investment management firm, and is designed for investors seeking current income through a portfolio of fixed-income investments.

The fund invests primarily in bonds and other debt securities. Its portfolio may include corporate bonds, government and government-related securities, mortgage-backed securities, and other fixed-income instruments.

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