Invesco Bond Fund (NYSE:VBF) Experiences Notable Drop in Short Interest

The Invesco Bond Fund (NYSE:VBF - Get Free Report) has recently witnessed a significant reduction in short interest during December. As of December 31, the total short interest was recorded at 6,500 shares. This marks a notable decline of 41.4% from the short interest figure of 11,100 shares observed on December 15. Taking into account the average trading volume of 29,400 shares per day, the current short-interest ratio stands at just 0.2 days.

Invesco Bond Fund Stock Performance

On Tuesday, shares of VBF fluctuated, dipping by $0.01 to reach $15.30 during trading hours. The trading volume for the day amounted to 14,655 shares, which is lower than its average volume of 22,732 shares. Over the past fifty days, the moving average price for the stock has been $15.74, while the 200-day moving average price is $16.24. Invesco Bond Fund's shares hit a one-year low of $15.03 and a one-year high of $17.48.

Invesco Bond Fund Announces Upcoming Dividend

The company also made a recent announcement regarding a monthly dividend. This payment will be issued on Friday, January 31. Shareholders who are on record as of Friday, January 17, will receive a dividend of $0.07. This equates to an annualized dividend of $0.84, offering a yield of 5.49%. The ex-dividend date for this distribution is set for Friday, January 17.

Institutional Investors' Activity in Invesco Bond Fund

Recently, hedge funds have been adjusting their holdings in Invesco Bond Fund. Specifically, Oak Harbor Wealth Partners LLC increased its position by 2.6% during the third quarter. This resulted in the firm owning 42,576 shares, valued at $724,000, after acquiring an additional 1,065 shares. Similarly, ProVise Management Group LLC enhanced its stake by 5.6% in the second quarter, now holding 98,845 shares worth $1,585,000 following an additional purchase of 5,255 shares in the last quarter. Additionally, WealthBridge Capital Management LLC raised its ownership by 41.3% during the same third quarter, bringing its total to 93,758 shares valued at $1,595,000 after buying an extra 27,407 shares. International Assets Investment Management LLC made a substantial move by increasing its holdings by an impressive 1,545.2% in the third quarter, resulting in ownership of 100,359 shares worth $1,707,000, thanks to an additional purchase of 94,259 shares. Currently, institutional investors control approximately 43.73% of the stock.

About Invesco Bond Fund

The Invesco Bond Fund is a closed-end fixed income mutual fund managed by Invesco Ltd. The fund's management team includes several firms such as Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, and INVESCO Asset Management Deutschland GmbH, among others.

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