Short Interest in Invesco Bond Fund (NYSE:VBF) Drops By 58.1%

Invesco Bond Fund (NYSE:VBF - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,600 shares, a decline of 58.1% from the March 15th total of 6,200 shares. Based on an average daily volume of 24,400 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Bond Fund Trading Down 0.2 %

NYSE VBF traded down $0.03 during trading hours on Thursday, hitting $15.33. The company's stock had a trading volume of 31,687 shares, compared to its average volume of 43,088. Invesco Bond Fund has a twelve month low of $13.68 and a twelve month high of $16.27. The stock has a fifty day moving average of $15.66 and a 200 day moving average of $15.23.

Invesco Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Monday, April 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VBF. Ameriprise Financial Inc. grew its holdings in Invesco Bond Fund by 221.7% during the third quarter. Ameriprise Financial Inc. now owns 162,769 shares of the financial services provider's stock valued at $2,355,000 after purchasing an additional 112,171 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Invesco Bond Fund by 41.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 325,099 shares of the financial services provider's stock valued at $4,704,000 after buying an additional 94,850 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Invesco Bond Fund in the 4th quarter valued at $1,296,000. Wolverine Asset Management LLC lifted its holdings in Invesco Bond Fund by 133.6% during the third quarter. Wolverine Asset Management LLC now owns 58,326 shares of the financial services provider's stock worth $844,000 after acquiring an additional 33,358 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Invesco Bond Fund by 1,015.3% in the second quarter. Citigroup Inc. now owns 36,002 shares of the financial services provider's stock valued at $536,000 after acquiring an additional 32,774 shares during the period. 43.73% of the stock is currently owned by institutional investors.

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.

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