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

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

Invesco Quality Municipal Income Trust Price Performance

Invesco Quality Municipal Income Trust stock opened at $9.96 on Monday. Invesco Quality Municipal Income Trust has a one year low of $9.16 and a one year high of $10.42. The business has a fifty day moving average of $10.00 and a two-hundred day moving average of $9.97.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be given a dividend of $0.0631 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Tuesday, July 14th.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds have recently modified their holdings of IQI. Raymond James Financial Inc. raised its holdings in Invesco Quality Municipal Income Trust by 7.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after acquiring an additional 92,863 shares during the last quarter. Guggenheim Capital LLC increased its stake in Invesco Quality Municipal Income Trust by 15.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider’s stock valued at $11,988,000 after purchasing an additional 163,271 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Invesco Quality Municipal Income Trust by 6.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 899,854 shares of the financial services provider’s stock worth $8,963,000 after buying an additional 54,740 shares during the period. LPL Financial LLC boosted its stake in Invesco Quality Municipal Income Trust by 0.6% in the 4th quarter. LPL Financial LLC now owns 727,096 shares of the financial services provider’s stock worth $7,242,000 after buying an additional 4,437 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Invesco Quality Municipal Income Trust by 13.0% in the 1st quarter. NewEdge Advisors LLC now owns 455,485 shares of the financial services provider’s stock valued at $4,382,000 after buying an additional 52,443 shares during the period.

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.