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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 155,223 shares, an increase of 262.2% from the January 29th total of 42,861 shares. Based on an average daily volume of 166,325 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 166,325 shares, the short-interest ratio is presently 0.9 days.

Invesco Quality Municipal Income Trust Trading Up 0.2%

Shares of NYSE:IQI opened at $10.17 on Friday. The business’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $9.93. Invesco Quality Municipal Income Trust has a fifty-two week low of $8.86 and a fifty-two week high of $10.42.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, February 17th.

Insider Transactions at Invesco Quality Municipal Income Trust

In related news, Portfolio Manager Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock in a transaction on 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. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the third quarter valued at about $27,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth approximately $35,000. Farther Finance Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the third quarter worth approximately $69,000. Cottage Street Advisors LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $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 approximately $109,000.

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.