Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Significant Decrease in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 76,100 shares, a decrease of 35.7% from the May 31st total of 118,300 shares. Based on an average daily trading volume, of 126,700 shares, the short-interest ratio is currently 0.6 days.

Invesco Quality Municipal Income Trust Trading Down 0.4 %

Shares of NYSE IQI opened at $9.92 on Monday. The firm’s 50-day simple moving average is $9.67 and its 200 day simple moving average is $9.58. Invesco Quality Municipal Income Trust has a 12-month low of $8.05 and a 12-month high of $10.05.

Invesco Quality Municipal Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.0631 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This is an increase from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.76 dividend on an annualized basis and a yield of 7.63%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Karpus Management Inc. lifted its position in Invesco Quality Municipal Income Trust by 8.8% during the 1st quarter. Karpus Management Inc. now owns 2,983,991 shares of the financial services provider’s stock valued at $28,885,000 after purchasing an additional 242,204 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Invesco Quality Municipal Income Trust by 40.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,115,833 shares of the financial services provider’s stock valued at $10,801,000 after purchasing an additional 323,878 shares during the period. Raymond James & Associates lifted its position in Invesco Quality Municipal Income Trust by 10.5% during the 4th quarter. Raymond James & Associates now owns 757,540 shares of the financial services provider’s stock valued at $7,204,000 after purchasing an additional 71,988 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Invesco Quality Municipal Income Trust by 3.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 545,578 shares of the financial services provider’s stock valued at $5,281,000 after purchasing an additional 18,304 shares during the period. Finally, Robinson Capital Management LLC lifted its position in Invesco Quality Municipal Income Trust by 27.9% during the 1st quarter. Robinson Capital Management LLC now owns 469,946 shares of the financial services provider’s stock valued at $4,399,000 after purchasing an additional 102,399 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.