Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Declines By 40.6%

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 52,573 shares, a decline of 40.6% from the June 15th total of 88,454 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 145,448 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Quality Municipal Income Trust Stock Performance

IQI stock traded down $0.04 during trading hours on Friday, hitting $10.14. The company’s stock had a trading volume of 212,398 shares, compared to its average volume of 151,962. The stock has a 50 day moving average price of $9.98 and a two-hundred day moving average price of $9.97. Invesco Quality Municipal Income Trust has a 12 month low of $9.06 and a 12 month high of $10.42.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be issued a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, July 14th.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth $35,000. Cottage Street Advisors LLC bought a new stake in Invesco Quality Municipal Income Trust during the fourth quarter valued at about $100,000. International Assets Investment Management LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth about $109,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Invesco Quality Municipal Income Trust during the 4th quarter worth about $109,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Invesco Quality Municipal Income Trust by 13.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock valued at $139,000 after buying an additional 1,681 shares during the last quarter.

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.