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

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 42,861 shares, a drop of 55.9% from the January 15th total of 97,191 shares. Based on an average trading volume of 134,134 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 134,134 shares, the days-to-cover ratio is currently 0.3 days.

Insiders Place Their Bets

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Jack Connelly sold 3,900 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total value of $39,078.00. Following the completion of the transaction, the portfolio manager directly owned 5,500 shares in the company, valued at approximately $55,110. This represents a 41.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in Invesco Quality Municipal Income Trust by 46.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 845,114 shares of the financial services provider’s stock worth $8,324,000 after purchasing an additional 268,480 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco Quality Municipal Income Trust by 144.1% in the second quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock worth $2,919,000 after buying an additional 184,049 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Invesco Quality Municipal Income Trust by 105.0% in the third quarter. Advisors Asset Management Inc. now owns 239,865 shares of the financial services provider’s stock worth $2,363,000 after buying an additional 122,849 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter valued at approximately $1,108,000. Finally, Raymond James Financial Inc. increased its position in shares of Invesco Quality Municipal Income Trust by 7.4% during the second quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after acquiring an additional 92,863 shares in the last quarter.

Invesco Quality Municipal Income Trust Price Performance

IQI traded up $0.03 during midday trading on Friday, reaching $10.38. The company’s stock had a trading volume of 176,442 shares, compared to its average volume of 141,407. Invesco Quality Municipal Income Trust has a 1 year low of $8.86 and a 1 year high of $10.42. The stock’s 50-day moving average is $10.03 and its 200-day moving average is $9.87.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a dividend of $0.0631 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, February 17th.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.