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

Invesco Bond Fund (NYSE:VBFGet Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 12,643 shares, a drop of 53.6% from the June 15th total of 27,236 shares. Based on an average daily trading volume, of 40,224 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco Bond Fund

Several hedge funds have recently made changes to their positions in the business. Noble Wealth Management PBC raised its holdings in shares of Invesco Bond Fund by 57.1% in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Invesco Bond Fund by 51.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 294,626 shares of the financial services provider’s stock worth $4,419,000 after buying an additional 99,503 shares in the last quarter. Petra Financial Advisors Inc. bought a new stake in Invesco Bond Fund during the first quarter worth approximately $260,000. Riverbridge Partners LLC grew its position in Invesco Bond Fund by 3.9% in the first quarter. Riverbridge Partners LLC now owns 31,835 shares of the financial services provider’s stock worth $478,000 after buying an additional 1,198 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its holdings in shares of Invesco Bond Fund by 37.1% in the fourth quarter. Sit Investment Associates Inc. now owns 919,298 shares of the financial services provider’s stock valued at $14,166,000 after buying an additional 248,920 shares in the last quarter. Institutional investors and hedge funds own 43.73% of the company’s stock.

Invesco Bond Fund Price Performance

NYSE:VBF traded down $0.04 during mid-day trading on Tuesday, reaching $14.90. 1,746 shares of the stock were exchanged, compared to its average volume of 56,844. The business has a fifty day moving average price of $14.98 and a 200 day moving average price of $15.16. Invesco Bond Fund has a 1-year low of $14.68 and a 1-year high of $15.98.

Invesco Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.0665 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 5.4%.

Invesco Bond Fund Company Profile

(Get Free Report)

Invesco Bond Fund (NYSE: VBF) is an actively managed exchange-traded fund designed to provide investors with diversified exposure to investment-grade fixed-income securities. Launched and overseen by Invesco’s fixed income team, the fund primarily invests in U.S. government and corporate debt, alongside sectors such as mortgage- and asset-backed securities. Its objective is to offer a balance of current income and preservation of capital through broad market participation and sector-specific opportunities.

The fund’s strategy emphasizes intermediate-duration bonds, allowing portfolio managers to adjust interest-rate and credit exposures in response to evolving market conditions.

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