Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Declines By 46.2%

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 72,900 shares, a decrease of 46.2% from the January 31st total of 135,600 shares. Based on an average daily volume of 193,000 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Quality Municipal Income Trust Trading Up 0.1 %

Shares of Invesco Quality Municipal Income Trust stock opened at $10.07 on Friday. The business’s 50-day moving average price is $9.88 and its 200-day moving average price is $10.08. Invesco Quality Municipal Income Trust has a 12 month low of $9.23 and a 12 month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.0631 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.76 annualized dividend and a yield of 7.52%.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in Invesco Quality Municipal Income Trust in the 3rd quarter worth approximately $142,000. MML Investors Services LLC increased its stake in Invesco Quality Municipal Income Trust by 13.8% in the 3rd quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 5,495 shares during the period. US Bancorp DE purchased a new position in Invesco Quality Municipal Income Trust in the 3rd quarter worth approximately $45,000. Van ECK Associates Corp increased its stake in Invesco Quality Municipal Income Trust by 4.1% in the 4th quarter. Van ECK Associates Corp now owns 396,171 shares of the financial services provider’s stock worth $3,906,000 after purchasing an additional 15,560 shares during the period. Finally, Money Concepts Capital Corp purchased a new position in Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $161,000.

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.