Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Significant Growth in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 148,400 shares, a growth of 52.2% from the November 30th total of 97,500 shares. Based on an average daily volume of 192,000 shares, the short-interest ratio is currently 0.8 days.

Invesco Quality Municipal Income Trust Stock Down 0.7 %

Shares of Invesco Quality Municipal Income Trust stock opened at $9.61 on Monday. The stock’s fifty day moving average is $10.01 and its 200 day moving average is $10.12. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given 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 7.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IQI. Rivernorth Capital Management LLC lifted its holdings in Invesco Quality Municipal Income Trust by 1.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock valued at $14,328,000 after purchasing an additional 25,143 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter valued at $142,000. MML Investors Services LLC boosted its holdings in Invesco Quality Municipal Income Trust by 13.8% in the 3rd quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock worth $474,000 after buying an additional 5,495 shares during the period. Centaurus Financial Inc. increased its stake in Invesco Quality Municipal Income Trust by 7.8% in the 3rd quarter. Centaurus Financial Inc. now owns 63,161 shares of the financial services provider’s stock worth $659,000 after buying an additional 4,586 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Invesco Quality Municipal Income Trust by 234.1% in the 3rd quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock worth $115,000 after buying an additional 7,725 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.