Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Update

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 121,912 shares, a growth of 45.6% from the February 26th total of 83,739 shares. Based on an average daily trading volume, of 94,067 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the company’s shares are sold short.

Insider Buying and Selling at Invesco Quality Municipal Income Trust

In related news, Portfolio Manager Jack Connelly sold 3,900 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total value of $39,078.00. Following the sale, the portfolio manager owned 5,500 shares in the company, valued at approximately $55,110. The trade was a 41.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several large investors have recently added to or reduced their stakes in IQI. Quent Capital LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $27,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth $35,000. Farther Finance Advisors LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter worth $69,000. Cottage Street Advisors LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth $100,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at $109,000.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock traded down $0.08 during midday trading on Friday, reaching $9.40. 243,387 shares of the stock traded hands, compared to its average volume of 130,295. The company has a 50-day simple moving average of $10.04 and a two-hundred day simple moving average of $10.00. Invesco Quality Municipal Income Trust has a 12-month low of $8.86 and a 12-month high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 8.1%.

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.