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

Invesco Bond Fund (NYSE:VBF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 65,799 shares, a growth of 91.8% from the September 30th total of 34,310 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 37,117 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Invesco Bond Fund

A number of large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Invesco Bond Fund by 153.8% during the 1st quarter. Fifth Third Bancorp now owns 2,538 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,538 shares during the period. Noble Wealth Management PBC boosted its position in Invesco Bond Fund by 57.1% in the 2nd quarter. Noble Wealth Management PBC now owns 2,670 shares of the financial services provider’s stock valued at $40,000 after buying an additional 970 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Invesco Bond Fund by 686.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,032 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 3,519 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Invesco Bond Fund by 29.4% during the third quarter. Commonwealth Equity Services LLC now owns 14,387 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 3,272 shares in the last quarter. Finally, Petra Financial Advisors Inc. purchased a new stake in shares of Invesco Bond Fund during the first quarter worth about $260,000. 43.73% of the stock is owned by institutional investors and hedge funds.

Invesco Bond Fund Stock Up 0.6%

NYSE VBF traded up $0.09 on Monday, reaching $14.73. The company had a trading volume of 88,574 shares, compared to its average volume of 62,667. Invesco Bond Fund has a 1 year low of $14.03 and a 1 year high of $15.85. The firm has a 50-day moving average of $14.42 and a 200-day moving average of $14.90.

Invesco Bond Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were given a dividend of $0.0695 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This is an increase 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%.

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.