Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 531.7% in July

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 332,124 shares, a growth of 531.7% from the June 30th total of 52,573 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 175,828 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $35,000. Cottage Street Advisors LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth $100,000. International Assets Investment Management LLC acquired a new stake in Invesco Quality Municipal Income Trust in the 4th quarter valued at $109,000. Mercer Global Advisors Inc. ADV acquired a new stake in Invesco Quality Municipal Income Trust in the 4th quarter valued at $109,000. Finally, Steward Partners Investment Advisory LLC increased 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 purchasing an additional 1,681 shares in the last quarter.

Invesco Quality Municipal Income Trust Trading Up 0.2%

IQI traded up $0.02 during midday trading on Friday, hitting $9.96. The company had a trading volume of 156,970 shares, compared to its average volume of 168,072. Invesco Quality Municipal Income Trust has a 52 week low of $9.16 and a 52 week high of $10.42. The stock’s 50 day moving average price is $10.00 and its 200 day moving average price is $9.97.

Invesco Quality Municipal Income Trust Announces Dividend

The company 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 $0.0631 dividend. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 7.6%.

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.