Invesco Bond Fund (NYSE:VBF) Stock Short Interest Report for October

Key Points

• Short interest surged 91.8% in October to 65,799 shares, representing 0.7% of VBF’s outstanding shares and 1.8 days of average trading volume.
• VBF shares opened at $14.64, near the upper end of their 12-month range of $14.03 to $15.85, while trading just above their 50-day average but below their 200-day average.
• The fund raised its monthly dividend to $0.0695 per share, equivalent to an annualized $0.83 payout and a 5.7% yield; institutional investors own 43.73% of the shares.

Invesco Bond Fund (NYSE:VBF - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 65,799 shares, an increase of 91.8% from the September 30th total of 34,310 shares. Based on an average daily volume of 37,117 shares, the short-interest ratio is currently 1.8 days. Currently, 0.7% of the shares of the company are short sold.

Invesco Bond Fund Stock Down 0.1%

Shares of VBF stock opened at $14.64 on Friday. The company has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $14.90. Invesco Bond Fund has a 12 month low of $14.03 and a 12 month high of $15.85.

Invesco Bond Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a dividend of $0.0695 per share. This is a positive change from Invesco Bond Fund's previous monthly dividend of $0.0665. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Wednesday, October 14th.

Institutional Investors Weigh In On Invesco Bond Fund

A number of hedge funds have recently made changes to their positions in VBF. Allspring Global Investments Holdings LLC lifted its stake in Invesco Bond Fund by 51.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 294,626 shares of the financial services provider's stock worth $4,419,000 after purchasing an additional 99,503 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Invesco Bond Fund in the 2nd quarter valued at about $1,023,000. Hara Capital LLC purchased a new stake in Invesco Bond Fund during the second quarter worth $932,000. Royal Bank of Canada lifted its stake in shares of Invesco Bond Fund by 6.6% during the 1st quarter. Royal Bank of Canada now owns 37,903 shares of the financial services provider's stock worth $569,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. bought a new stake in Invesco Bond Fund during the third quarter valued at about $318,000. 43.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Bond Fund Company Profile

Invesco Bond Fund NYSE: VBF is a closed-end investment company managed by Invesco Ltd. The fund seeks to provide investors with a high level of current income while preserving capital through a diversified portfolio of fixed-income securities.

The fund invests primarily in bonds and other debt instruments, which may include corporate bonds, U.S. government and agency securities, mortgage-related securities, and other income-producing fixed-income investments. Its portfolio is managed with a focus on credit quality, interest-rate exposure, and income generation.

VBF primarily invests in the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.