VBF Stock Summary and Trading Ideas (Invesco Bond | NYSE:VBF)

The Fund seeks to provide interest income while conserving capital by investing primarily in fixed-rate US investment-grade corporate bonds with flexibility to incorporate up to 20% in non-investment-grade and non-US dollar-denominated securities, as well as foreign sovereign and corporate securities (both developed and emerging markets). The fund also may invest in government securities, asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities. The Fund may also invest in derivatives and other instruments that have similar economic characteristics to other securities.

Invesco Bond trades on the NYSE stock market under the symbol VBF.

As of April 19, 2024, VBF stock price climbed to $15.35 with 2,522 million shares trading.

VBF has a beta of 0.45, meaning it tends to be less sensitive to market movements. VBF has a correlation of 0.17 to the broad based SPY ETF.

VBF has a market cap of $175.27 million. This is considered a Micro Cap stock.

In the last 3 years, VBF stock traded as high as $21.42 and as low as $13.68.

VBF has underperformed the market in the last year with a return of +2.1%, while the SPY ETF gained +22.3%. In the last 3 month period, VBF fell short of the market, returning +1.1%, while SPY returned +5.2%. However, in the most recent 2 weeks VBF has outperformed the stock market by returning -1.1%, while SPY returned -2.6%.

VBF support price is $15.18 and resistance is $15.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VBF stock will trade within this expected range on the day.