Invesco Bond Fund (NYSE:VBF) Sees Large Decline in Short Interest

Invesco Bond Fund (NYSE:VBF - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 27,200 shares, a decrease of 35.1% from the April 30th total of 41,900 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Invesco Bond Fund Price Performance

Shares of NYSE:VBF traded up $0.03 on Wednesday, reaching $15.44. The company had a trading volume of 32,688 shares, compared to its average volume of 30,715. Invesco Bond Fund has a twelve month low of $14.33 and a twelve month high of $17.48. The stock has a 50-day moving average price of $15.28 and a 200 day moving average price of $15.48.

Invesco Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.84 annualized dividend and a dividend yield of 5.44%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ProVise Management Group LLC increased its position in shares of Invesco Bond Fund by 1.1% in the first quarter. ProVise Management Group LLC now owns 132,181 shares of the financial services provider's stock worth $2,044,000 after purchasing an additional 1,457 shares during the period. Noble Wealth Management PBC purchased a new position in shares of Invesco Bond Fund during the first quarter valued at approximately $26,000. Janney Montgomery Scott LLC lifted its position in shares of Invesco Bond Fund by 11.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,242 shares of the financial services provider's stock worth $483,000 after buying an additional 3,165 shares in the last quarter. 1607 Capital Partners LLC purchased a new position in Invesco Bond Fund in the first quarter valued at approximately $159,000. Finally, Riverbridge Partners LLC purchased a new stake in shares of Invesco Bond Fund during the first quarter worth $177,000. Institutional investors and hedge funds own 43.73% of the company's stock.

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.