Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Update

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 61,618 shares, a decrease of 49.5% from the March 15th total of 121,912 shares. Based on an average daily trading volume, of 204,839 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Invesco Quality Municipal Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the third quarter worth $27,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter valued at $35,000. Farther Finance Advisors LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at $69,000. Cottage Street Advisors LLC acquired a new position in Invesco Quality Municipal Income Trust during the 4th quarter worth about $100,000. Finally, International Assets Investment Management LLC purchased a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at about $109,000.

Invesco Quality Municipal Income Trust Trading Up 0.2%

IQI stock traded up $0.02 during mid-day trading on Wednesday, hitting $9.87. 11,773 shares of the company were exchanged, compared to its average volume of 150,326. Invesco Quality Municipal Income Trust has a 12-month low of $9.06 and a 12-month high of $10.42. The business has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $9.98.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.