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

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 103,000 shares, an increase of 58.2% from the October 31st total of 65,100 shares. Based on an average daily trading volume, of 181,500 shares, the short-interest ratio is currently 0.6 days.

Invesco Quality Municipal Income Trust Stock Performance

NYSE IQI traded up $0.06 during trading hours on Friday, hitting $10.27. 151,066 shares of the company traded hands, compared to its average volume of 179,460. The business’s 50-day moving average is $10.18 and its 200-day moving average is $10.08. Invesco Quality Municipal Income Trust has a twelve month low of $9.15 and a twelve month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.37%. The ex-dividend date was Friday, November 15th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $142,000. MML Investors Services LLC raised its stake in Invesco Quality Municipal Income Trust by 13.8% in the third quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock valued at $474,000 after buying an additional 5,495 shares during the period. Rivernorth Capital Management LLC raised its stake in Invesco Quality Municipal Income Trust by 0.6% in the third quarter. Rivernorth Capital Management LLC now owns 1,355,939 shares of the financial services provider’s stock valued at $14,156,000 after buying an additional 8,667 shares during the period. Centaurus Financial Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 7.8% in the third quarter. Centaurus Financial Inc. now owns 63,161 shares of the financial services provider’s stock valued at $659,000 after buying an additional 4,586 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Invesco Quality Municipal Income Trust by 234.1% during the 3rd quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 7,725 shares during the period.

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.