Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 25.4% in February

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 91,400 shares, an increase of 25.4% from the February 13th total of 72,900 shares. Based on an average daily trading volume, of 187,200 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in Invesco Quality Municipal Income Trust in the third quarter valued at approximately $142,000. MML Investors Services LLC increased its position in shares of Invesco Quality Municipal Income Trust by 13.8% during the third quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 5,495 shares in the last quarter. US Bancorp DE bought a new position in Invesco Quality Municipal Income Trust in the third quarter valued at $45,000. Van ECK Associates Corp grew its position in Invesco Quality Municipal Income Trust by 4.1% in the fourth quarter. Van ECK Associates Corp now owns 396,171 shares of the financial services provider’s stock valued at $3,906,000 after purchasing an additional 15,560 shares in the last quarter. Finally, Money Concepts Capital Corp acquired a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at $161,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI stock traded down $0.06 during trading hours on Monday, reaching $9.79. 153,067 shares of the company were exchanged, compared to its average volume of 159,360. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.23 and a fifty-two week high of $10.53. The stock’s fifty day moving average is $9.92 and its two-hundred day moving average is $10.06.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.74%.

Invesco Quality Municipal Income Trust Company Profile

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.