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

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 105,143 shares, a drop of 22.8% from the December 15th total of 136,164 shares. Based on an average daily volume of 173,561 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 173,561 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Quality Municipal Income Trust Stock Down 0.1%

Shares of NYSE IQI traded down $0.01 during trading on Monday, hitting $10.09. The company had a trading volume of 85,355 shares, compared to its average volume of 131,135. Invesco Quality Municipal Income Trust has a 12 month low of $8.86 and a 12 month high of $10.16. The stock has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $9.77.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.0631 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.5%.

Insiders Place Their Bets

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Jack Connelly sold 3,900 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total transaction of $39,078.00. Following the completion of the sale, the portfolio manager owned 5,500 shares of the company’s stock, valued at approximately $55,110. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Invesco Quality Municipal Income Trust

Several institutional investors and hedge funds have recently modified their holdings of IQI. Advisors Asset Management Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust in the second quarter valued at about $1,098,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Invesco Quality Municipal Income Trust by 46.6% during the third 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. Riverbridge Partners LLC raised its stake in Invesco Quality Municipal Income Trust by 4.5% during the 2nd quarter. Riverbridge Partners LLC now owns 44,873 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 1,921 shares during the period. Centaurus Financial Inc. lifted its holdings in Invesco Quality Municipal Income Trust by 126.4% in the 2nd quarter. Centaurus Financial Inc. now owns 98,412 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 54,950 shares in the last quarter. Finally, River Street Advisors LLC bought a new position in Invesco Quality Municipal Income Trust in the 2nd quarter worth approximately $143,000.

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.