Invesco Bond Fund (NYSE:VBF) Short Interest Update

Key Points

• Short interest surged 428.6% to 43,791 shares as of September 15, up from 8,285 shares at the end of August. About 0.5% of VBF’s shares are sold short, representing 0.4 days of average trading volume.
• Institutional ownership stands at 43.73%, with Bank of America and Hara Capital initiating new positions during the second quarter, while Noble Wealth Management and Royal Bank of Canada increased their holdings.
• VBF shares opened at $14.31, near the low end of their 52-week range, while the fund announced a monthly dividend of $0.0665 per share, equivalent to an annualized yield of 5.6%.

Invesco Bond Fund (NYSE:VBF - Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 43,791 shares, an increase of 428.6% from the August 31st total of 8,285 shares. Based on an average daily trading volume, of 107,487 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company's stock are sold short.

Institutional Trading of Invesco Bond Fund

A number of hedge funds have recently made changes to their positions in VBF. Bank of America Corp DE purchased a new stake in shares of Invesco Bond Fund in the 2nd quarter worth approximately $1,023,000. Hara Capital LLC bought a new stake in Invesco Bond Fund in the second quarter worth $932,000. Noble Wealth Management PBC boosted its holdings in Invesco Bond Fund by 57.1% in the second quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider's stock worth $40,000 after acquiring an additional 970 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco Bond Fund by 6.6% in the first quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider's stock worth $569,000 after acquiring an additional 2,358 shares during the last quarter. Finally, Petra Financial Advisors Inc. purchased a new stake in shares of Invesco Bond Fund in the first quarter worth $260,000. 43.73% of the stock is owned by institutional investors.

Invesco Bond Fund Stock Up 0.4%

NYSE:VBF opened at $14.31 on Friday. The firm's 50-day moving average price is $14.63 and its 200-day moving average price is $14.88. Invesco Bond Fund has a 1-year low of $14.18 and a 1-year high of $15.87.

Invesco Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.0665 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.6%.

Invesco Bond Fund Company Profile

Invesco Bond Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol VBF. The fund is managed by Invesco Ltd., a global investment management firm, and is designed for investors seeking current income through a portfolio of fixed-income investments.

The fund invests primarily in bonds and other debt securities. Its portfolio may include corporate bonds, government and government-related securities, mortgage-backed securities, and other fixed-income instruments.

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