Invesco Bond Fund (NYSE:VBF) Experiences a Noticeable Reduction in Short Interest

The Invesco Bond Fund (NYSE:VBF - Get Free Report) has experienced a substantial decline in short interest throughout December. By December 31st, the total short interest reached only 6,500 shares, indicating a significant drop of 41.4% compared to the 11,100 shares reported on December 15th. With an average daily trading volume of approximately 29,400 shares, the current days-to-cover ratio stands at 0.2 days.

Invesco Bond Fund Stock Performance

On Tuesday, shares of VBF traded down by $0.01, bringing the price to $15.30. The trading volume for the day was 14,655 shares, which is lower than the average trading volume of 22,732 shares. The fund’s fifty-day moving average price is currently $15.74, while the 200-day moving average price is $16.24. Over the past year, the Invesco Bond Fund has witnessed a low of $15.03 and a high of $17.48.

Dividend Announcement by Invesco Bond Fund

Recently, the Invesco Bond Fund announced that it will be distributing a monthly dividend. This dividend will be paid on Friday, January 31st, to shareholders who are on record by Friday, January 17th. The dividend amount will be $0.07, which translates to an annualized dividend of $0.84 and a yield of 5.49%. The ex-dividend date is also set for Friday, January 17th.

Institutional Investors Take Positions in Invesco Bond Fund

Several hedge funds have made adjustments to their positions in the Invesco Bond Fund. For instance, Oak Harbor Wealth Partners LLC increased its holdings in the fund by 2.6% during the third quarter, bringing its total to 42,576 shares valued at approximately $724,000 after acquiring an additional 1,065 shares. Similarly, ProVise Management Group LLC raised its stake by 5.6% in the second quarter, now holding 98,845 shares valued at $1,585,000 following the purchase of 5,255 shares.

WealthBridge Capital Management LLC boosted its stake by 41.3% during the third quarter, now owning 93,758 shares worth around $1,595,000 after acquiring an additional 27,407 shares. Lastly, International Assets Investment Management LLC substantially increased its holdings by 1,545.2% in the third quarter, currently owning 100,359 shares valued at about $1,707,000 after purchasing 94,259 additional shares. Overall, hedge funds and institutional investors hold approximately 43.73% of the stock.

About Invesco Bond Fund

The Invesco Bond Fund is a closed-end fixed-income mutual fund initiated by Invesco Ltd. The fund's management involves several partners, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, and several other affiliates globally.

Conclusion

The significant decline in short interest for the Invesco Bond Fund signals a changing sentiment among investors. With a steady dividend declared and institutional interest rising, the fund may remain a point of focus for future market movements.

Invesco, Bond, Shares