Invesco Quality Municipal Income Trust (NYSE:IQI) Shares Shorted: Short Interest Down 43.5% in September

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 370,396 shares, a decline of 43.5% from the September 15th total of 655,647 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 358,729 shares, the days-to-cover ratio is currently 1.0 days.

Invesco Quality Municipal Income Trust Stock Up 1.5%

Shares of NYSE IQI traded up $0.13 during midday trading on Friday, reaching $9.02. 215,088 shares of the stock were exchanged, compared to its average volume of 169,391. The company has a 50 day simple moving average of $9.57 and a 200 day simple moving average of $9.80. Invesco Quality Municipal Income Trust has a twelve month low of $8.47 and a twelve month high of $10.42.

Invesco Quality Municipal Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a $0.0631 dividend. The ex-dividend date is Wednesday, October 14th. This is a positive change from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.0631. This represents a $0.76 annualized dividend and a yield of 8.4%.

Insiders Place Their Bets

In other news, Portfolio Manager Timothy O’Reilly sold 6,282 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $8.87, for a total value of $55,721.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Ground Capital acquired a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at $1,214,582. NewEdge Advisors LLC grew its holdings in shares of Invesco Quality Municipal Income Trust by 23.2% during the 2nd quarter. NewEdge Advisors LLC now owns 561,365 shares of the financial services provider’s stock worth $5,681,000 after purchasing an additional 105,880 shares during the period. Centaurus Financial Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust during the 2nd quarter worth $1,016,000. IFP Advisors Inc increased its position in shares of Invesco Quality Municipal Income Trust by 47.1% during the 2nd quarter. IFP Advisors Inc now owns 182,631 shares of the financial services provider’s stock worth $1,848,000 after purchasing an additional 58,480 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Invesco Quality Municipal Income Trust during the 2nd quarter worth about $603,000.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties and other governmental entities in the United States.

The trust’s portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund’s investment policies and risk considerations. These securities can finance public projects and essential services such as transportation, education, utilities, health care and other infrastructure.

Invesco Quality Municipal Income Trust is managed by Invesco Advisers, Inc, an investment adviser within Invesco Ltd.