Invesco Bond Fund (NYSE:VBF) Short Interest Up 466.7% in March

Invesco Bond Fund (NYSE:VBF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,600 shares, a growth of 466.7% from the February 28th total of 2,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 32,400 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Bond Fund

A number of institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new stake in Invesco Bond Fund in the 4th quarter worth $351,000. Raymond James Financial Inc. bought a new stake in Invesco Bond Fund in the 4th quarter valued at $654,000. StoneX Group Inc. acquired a new position in shares of Invesco Bond Fund in the 4th quarter valued at $839,000. Whipplewood Advisors LLC bought a new position in shares of Invesco Bond Fund during the 4th quarter worth about $884,000. Finally, WealthBridge Capital Management LLC boosted its position in shares of Invesco Bond Fund by 23.8% during the 4th quarter. WealthBridge Capital Management LLC now owns 116,042 shares of the financial services provider’s stock valued at $1,791,000 after acquiring an additional 22,284 shares in the last quarter. 43.73% of the stock is currently owned by institutional investors.

Invesco Bond Fund Stock Performance

NYSE:VBF traded up $0.03 during midday trading on Wednesday, reaching $15.38. The stock had a trading volume of 21,169 shares, compared to its average volume of 32,024. Invesco Bond Fund has a 1-year low of $15.03 and a 1-year high of $17.48. The firm’s fifty day simple moving average is $15.52 and its 200-day simple moving average is $15.93.

Invesco Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Wednesday, April 16th.

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.