Invesco Bond Fund (NYSE:VBF) Shares Shorted: Short Interest Up 428.6% in September

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

Institutional Trading of Invesco Bond Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. lifted its stake in shares of Invesco Bond Fund by 37.1% during the 4th quarter. Sit Investment Associates Inc. now owns 919,298 shares of the financial services provider’s stock valued at $14,166,000 after buying an additional 248,920 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of 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 valued at $4,419,000 after acquiring an additional 99,503 shares in the last quarter. 1607 Capital Partners LLC lifted its position in shares of Invesco Bond Fund by 192.0% in the fourth quarter. 1607 Capital Partners LLC now owns 149,362 shares of the financial services provider’s stock valued at $2,302,000 after acquiring an additional 98,212 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Invesco Bond Fund by 41.0% in the fourth quarter. Fiera Capital Corp now owns 108,368 shares of the financial services provider’s stock worth $1,670,000 after acquiring an additional 31,501 shares during the period. Finally, Bank of America Corp DE bought a new stake in Invesco Bond Fund during the 2nd quarter valued at approximately $1,023,000. 43.73% of the stock is owned by hedge funds and other institutional investors.

Invesco Bond Fund Price Performance

Invesco Bond Fund stock traded down $0.07 during trading on Friday, reaching $14.22. The company had a trading volume of 63,874 shares, compared to its average volume of 88,138. The firm’s 50-day simple moving average is $14.62 and its 200 day simple moving average is $14.87. Invesco Bond Fund has a 52 week low of $14.16 and a 52 week high of $15.87.

Invesco Bond Fund Announces Dividend

The company 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 is Monday, September 14th. This represents a $0.80 dividend on an annualized basis and a 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.