Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Down 55.9% in January

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 42,861 shares, a decrease of 55.9% from the January 15th total of 97,191 shares. Based on an average daily trading volume, of 134,134 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 134,134 shares, the short-interest ratio is currently 0.3 days.

Insider Buying and Selling at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total transaction of $39,078.00. Following the completion of the transaction, the portfolio manager directly owned 5,500 shares in the company, valued at $55,110. This trade represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Institutional investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new position in Invesco Quality Municipal Income Trust during the 3rd quarter valued at $27,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth $35,000. Farther Finance Advisors LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the third quarter valued at about $69,000. Cottage Street Advisors LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at about $100,000. Finally, International Assets Investment Management LLC purchased a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth about $109,000.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI traded up $0.03 during trading hours on Friday, hitting $10.38. The company’s stock had a trading volume of 176,442 shares, compared to its average volume of 141,407. Invesco Quality Municipal Income Trust has a 52 week low of $8.86 and a 52 week high of $10.42. The company’s 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $9.87.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.0631 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Tuesday, February 17th.

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.