Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 203.4% in May

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 108,725 shares, a growth of 203.4% from the April 30th total of 35,840 shares. Based on an average trading volume of 129,062 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Invesco Quality Municipal Income Trust Trading Up 0.1%

NYSE IQI opened at $9.92 on Friday. Invesco Quality Municipal Income Trust has a 12 month low of $9.06 and a 12 month high of $10.42. The company’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $9.95.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid 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 was Thursday, May 14th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in Invesco Quality Municipal Income Trust by 105.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 239,865 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 122,849 shares during the last quarter. Alpine Global Management LLC bought a new position in Invesco Quality Municipal Income Trust during the 3rd quarter valued at $1,108,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 6.5% in the 4th 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 last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth about $109,000. Finally, Kercheville Advisors LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 45.5% in the 4th quarter. Kercheville Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $160,000 after buying an additional 5,000 shares during the last quarter.

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.