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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 135,600 shares, a growth of 139.6% from the January 15th total of 56,600 shares. Based on an average daily trading volume, of 190,600 shares, the days-to-cover ratio is presently 0.7 days.

Invesco Quality Municipal Income Trust Stock Performance

NYSE:IQI traded up $0.03 during midday trading on Thursday, reaching $9.90. The stock had a trading volume of 114,081 shares, compared to its average volume of 155,103. Invesco Quality Municipal Income Trust has a 1-year low of $9.23 and a 1-year high of $10.53. The firm’s fifty day simple moving average is $9.87 and its 200-day simple moving average is $10.09.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.76 dividend on an annualized basis and a yield of 7.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rivernorth Capital Management LLC grew its position in Invesco Quality Municipal Income Trust by 1.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock worth $14,328,000 after purchasing an additional 25,143 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Quality Municipal Income Trust during the fourth quarter worth about $11,965,000. Hennion & Walsh Asset Management Inc. increased its stake in Invesco Quality Municipal Income Trust by 25.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock valued at $10,991,000 after acquiring an additional 210,578 shares during the period. Robinson Capital Management LLC raised its holdings in Invesco Quality Municipal Income Trust by 29.0% in the 4th quarter. Robinson Capital Management LLC now owns 893,374 shares of the financial services provider’s stock valued at $8,809,000 after acquiring an additional 200,732 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in Invesco Quality Municipal Income Trust by 2.9% in the 4th quarter. Sit Investment Associates Inc. now owns 802,800 shares of the financial services provider’s stock valued at $7,916,000 after acquiring an additional 22,345 shares in the last quarter.

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.