Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Increases By 52.2%

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a significant growth in short interest during the month of 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 presently 0.8 days.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in Invesco Quality Municipal Income Trust by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 1,045 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Invesco Quality Municipal Income Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 1,827 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 14.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,559 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 1,925 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Invesco Quality Municipal Income Trust by 9.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 23,172 shares of the financial services provider’s stock valued at $242,000 after buying an additional 2,049 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the second quarter valued at $33,000.

Invesco Quality Municipal Income Trust Stock Performance

Shares of IQI stock traded down $0.07 during trading on Friday, reaching $9.61. The company’s stock had a trading volume of 181,277 shares, compared to its average volume of 156,105. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53. The business has a fifty day moving average price of $10.01 and a 200-day moving average price of $10.12.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 7.88%.

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.