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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 52,573 shares, a decrease of 40.6% from the June 15th total of 88,454 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 145,448 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter valued at approximately $35,000. Cottage Street Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at $100,000. International Assets Investment Management LLC acquired a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at $109,000. Mercer Global Advisors Inc. ADV bought a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at $109,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Invesco Quality Municipal Income Trust by 13.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 1,681 shares during the last quarter.

Invesco Quality Municipal Income Trust Trading Down 0.7%

NYSE IQI traded down $0.07 during mid-day trading on Thursday, hitting $10.18. The company’s stock had a trading volume of 74,404 shares, compared to its average volume of 144,628. The stock’s fifty day simple moving average is $9.97 and its two-hundred day simple moving average is $9.97. Invesco Quality Municipal Income Trust has a 52-week low of $9.06 and a 52-week high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.0631 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Invesco Quality Municipal Income Trust Company Profile

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.