Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Large Decline in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 97,500 shares, a decrease of 5.3% from the November 15th total of 103,000 shares. Based on an average daily volume of 188,100 shares, the days-to-cover ratio is presently 0.5 days.

Invesco Quality Municipal Income Trust Trading Down 0.6 %

Shares of IQI opened at $10.03 on Tuesday. Invesco Quality Municipal Income Trust has a 52-week low of $9.23 and a 52-week high of $10.53. The firm has a 50-day moving average price of $10.13 and a 200 day moving average price of $10.13.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0631 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.55%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Invesco Quality Municipal Income Trust by 3.4% during the 2nd quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock valued at $7,557,000 after purchasing an additional 24,912 shares during the period. Atomi Financial Group Inc. grew its holdings in Invesco Quality Municipal Income Trust by 5.2% during the second quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 1,038 shares during the period. International Assets Investment Management LLC bought a new stake in Invesco Quality Municipal Income Trust in the second quarter worth about $35,000. Rothschild Investment LLC acquired a new stake in Invesco Quality Municipal Income Trust in the 2nd quarter valued at about $1,803,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 1,045 shares in the last quarter.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.