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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 72,900 shares, a decrease of 46.2% from the January 31st total of 135,600 shares. Based on an average trading volume of 193,000 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Quality Municipal Income Trust Price Performance

IQI stock traded down $0.03 during mid-day trading on Monday, hitting $10.06. 133,763 shares of the company were exchanged, compared to its average volume of 173,174. Invesco Quality Municipal Income Trust has a twelve month low of $9.23 and a twelve month high of $10.53. The firm has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $10.07.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date of this dividend was Tuesday, February 18th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC boosted its stake in Invesco Quality Municipal Income Trust by 16.4% in the fourth quarter. Pathstone Holdings LLC now owns 793,819 shares of the financial services provider’s stock valued at $7,843,000 after acquiring an additional 112,115 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $158,000. Bramshill Investments LLC acquired a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at approximately $216,000. CF Capital LLC bought a new position in Invesco Quality Municipal Income Trust during the 4th quarter worth $1,419,000. Finally, Baird Financial Group Inc. acquired a new stake in Invesco Quality Municipal Income Trust in the fourth quarter worth $175,000.

Invesco Quality Municipal Income Trust Company Profile

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.