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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 148,400 shares, an increase of 52.2% from the November 30th total of 97,500 shares. Based on an average daily trading volume, of 192,000 shares, the short-interest ratio is currently 0.8 days.

Invesco Quality Municipal Income Trust Stock Performance

IQI stock traded down $0.07 during midday trading on Friday, hitting $9.61. 181,277 shares of the company’s stock were exchanged, 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 stock’s fifty day moving average price is $10.01 and its 200-day moving average price is $10.12.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Trading of Invesco Quality Municipal Income Trust

Large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Invesco Quality Municipal Income Trust by 25.0% in 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 buying an additional 210,578 shares during the period. Rothschild Investment LLC bought a new position in Invesco Quality Municipal Income Trust during the 2nd quarter worth about $1,803,000. JFS Wealth Advisors LLC increased its holdings in Invesco Quality Municipal Income Trust by 1,618.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock worth $1,501,000 after purchasing an additional 135,421 shares in the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the second quarter valued at about $764,000. Finally, Stratos Wealth Advisors LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock worth $2,780,000 after buying an additional 66,606 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.