Invesco Bond Fund (NYSE:VBF) Short Interest Down 47.8% in March

Invesco Bond Fund (NYSE:VBF) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 7,100 shares, a drop of 47.8% from the March 15th total of 13,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 33,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in shares of Invesco Bond Fund during the first quarter worth $26,000. Guggenheim Capital LLC raised its holdings in Invesco Bond Fund by 27.6% in the 4th quarter. Guggenheim Capital LLC now owns 235,663 shares of the financial services provider’s stock valued at $3,636,000 after acquiring an additional 50,983 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Bond Fund during the fourth quarter worth approximately $654,000. Invesco Ltd. raised its holdings in shares of Invesco Bond Fund by 15.0% during the 4th quarter. Invesco Ltd. now owns 147,188 shares of the financial services provider’s stock worth $2,271,000 after acquiring an additional 19,192 shares during the period. Finally, Sit Investment Associates Inc. boosted its position in shares of Invesco Bond Fund by 27.2% during the 4th quarter. Sit Investment Associates Inc. now owns 340,133 shares of the financial services provider’s stock valued at $5,248,000 after acquiring an additional 72,710 shares during the last quarter. 43.73% of the stock is owned by institutional investors and hedge funds.

Invesco Bond Fund Price Performance

Shares of VBF remained flat at $14.95 during mid-day trading on Wednesday. 4,235 shares of the company traded hands, compared to its average volume of 32,231. Invesco Bond Fund has a 52-week low of $14.33 and a 52-week high of $17.48. The firm’s fifty day simple moving average is $15.36 and its 200 day simple moving average is $15.75.

Invesco Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Wednesday, April 16th.

About Invesco Bond Fund

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.