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

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 61,618 shares, a drop of 49.5% from the March 15th total of 121,912 shares. Based on an average trading volume of 204,839 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI stock traded up $0.02 during trading hours on Wednesday, reaching $9.87. The stock had a trading volume of 16,938 shares, compared to its average volume of 150,457. The stock’s fifty day simple moving average is $9.97 and its 200 day simple moving average is $9.98. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be given a $0.0631 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, April 14th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of large investors have recently modified their holdings of the company. Alpine Global Management LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 2.7% in the fourth quarter. Alpine Global Management LLC now owns 115,507 shares of the financial services provider’s stock valued at $1,150,000 after acquiring an additional 3,007 shares during the period. Compound Planning Inc. boosted its position in shares of Invesco Quality Municipal Income Trust by 28.5% in the fourth quarter. Compound Planning Inc. now owns 28,277 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 6,267 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $109,000. NewEdge Advisors LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 182.6% in the fourth quarter. NewEdge Advisors LLC now owns 403,042 shares of the financial services provider’s stock valued at $4,014,000 after acquiring an additional 260,439 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of 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 acquiring an additional 163,271 shares during the period.

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.