Invesco Bond Fund (NYSE:VBF) Short Interest Drops 18.4% in December

The Invesco Bond Fund (NYSE:VBF) experienced a significant reduction in short interest during December. By December 15th, the short interest had fallen to a total of 11,100 shares, marking an 18.4% decrease from the November 30th figure of 13,600 shares. Considering the average daily trading volume of 28,800 shares, the current short-interest ratio stands at just 0.4 days.

Hedge Funds Adjust Their Holdings in Invesco Bond Fund

In recent months, hedge funds and institutional investors have made notable adjustments to their positions in the Invesco Bond Fund. International Assets Investment Management LLC significantly increased its stake in the fund by 1,545.2% during the third quarter, now holding 100,359 shares valued at approximately $1,707,000 after acquiring an additional 94,259 shares.

Similarly, WealthBridge Capital Management LLC grew its holdings by 41.3% during the same period, now owning 93,758 shares worth $1,595,000 after purchasing 27,407 new shares. Additionally, ProVise Management Group LLC raised its stake by 5.6% in the second quarter, bringing its total to 98,845 shares valued at $1,585,000 with an extra 5,255 shares acquired during that quarter. Oak Harbor Wealth Partners LLC also increased its position by 2.6% in the third quarter, now owning 42,576 shares worth $724,000 after buying 1,065 shares. Overall, institutional investors and hedge funds control approximately 43.73% of the company's stock.

Invesco Bond Fund Stock Decline

On Friday, the Invesco Bond Fund traded down by $0.28, reaching a price of $15.36. The trading volume for the day was 45,987 shares, which is higher than its average volume of 34,882 shares. The stock has seen a 52-week low of $15.03 and a high of $17.48. Its fifty-day simple moving average is currently $15.94 and the two-hundred-day simple moving average is $16.30.

Upcoming Dividend Declaration

Invesco Bond Fund has also recently declared a monthly dividend, scheduled for payment on Tuesday, December 31st. Shareholders on record as of Tuesday, December 17th, will receive a dividend of $0.085 per share, which translates to an annualized dividend of $1.02 and a dividend yield of 6.64%. The ex-dividend date is also established for Tuesday, December 17th.

Profile of Invesco Bond Fund

The Invesco Bond Fund is a closed-end fixed income mutual fund initiated by Invesco Ltd. The fund is managed cooperatively by several entities including 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.

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This report is designed to provide clear and accurate updates regarding the Invesco Bond Fund for investors and interested parties.

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