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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 40,310 shares, a decrease of 34.6% from the March 31st total of 61,618 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 200,961 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Quality Municipal Income Trust by 46.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 845,114 shares of the financial services provider’s stock worth $8,324,000 after acquiring an additional 268,480 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Invesco Quality Municipal Income Trust by 182.6% in the 4th quarter. NewEdge Advisors LLC now owns 403,042 shares of the financial services provider’s stock valued at $4,014,000 after acquiring an additional 260,439 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco Quality Municipal Income Trust by 144.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock valued at $2,919,000 after acquiring an additional 184,049 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Invesco Quality Municipal Income Trust by 15.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider’s stock valued at $11,988,000 after buying an additional 163,271 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Invesco Quality Municipal Income Trust by 105.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 239,865 shares of the financial services provider’s stock valued at $2,363,000 after buying an additional 122,849 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Up 0.9%

NYSE:IQI traded up $0.09 during trading on Thursday, reaching $9.84. The company’s stock had a trading volume of 181,803 shares, compared to its average volume of 141,910. The firm has a 50 day moving average of $9.89 and a 200-day moving average of $9.98. Invesco Quality Municipal Income Trust has a 12 month low of $9.06 and a 12 month high of $10.42.

Invesco Quality Municipal Income Trust Announces Dividend

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

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.