Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 203.4% in May

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 108,725 shares, an increase of 203.4% from the April 30th total of 35,840 shares. Based on an average daily trading volume, of 129,062 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth about $35,000. Cottage Street Advisors LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth about $100,000. International Assets Investment Management LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth about $109,000. Mercer Global Advisors Inc. ADV bought a new stake in Invesco Quality Municipal Income Trust in the 4th quarter valued at about $109,000. Finally, Savant Capital LLC bought a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $132,000.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock opened at $9.92 on Friday. The firm’s 50-day moving average is $9.77 and its 200-day moving average is $9.95. Invesco Quality Municipal Income Trust has a 1 year low of $9.06 and a 1 year high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a $0.0631 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Thursday, May 14th.

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.