Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Large Decline in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 97,500 shares, a drop of 5.3% from the November 15th total of 103,000 shares. Based on an average daily volume of 188,100 shares, the short-interest ratio is presently 0.5 days.

Invesco Quality Municipal Income Trust Price Performance

Invesco Quality Municipal Income Trust stock opened at $9.78 on Thursday. Invesco Quality Municipal Income Trust has a 52 week low of $9.23 and a 52 week high of $10.53. The stock has a fifty day moving average of $10.11 and a 200-day moving average of $10.13.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a yield of 7.74%. The ex-dividend date is Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE acquired a new position in Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $45,000. Raymond James & Associates grew its stake in shares of Invesco Quality Municipal Income Trust by 3.4% during the second quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock worth $7,557,000 after buying an additional 24,912 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Invesco Quality Municipal Income Trust by 5.2% during the second quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after buying an additional 1,038 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco Quality Municipal Income Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 1,827 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at $33,000.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.