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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 204,839 shares, the short-interest ratio is currently 0.3 days.

Invesco Quality Municipal Income Trust Stock Up 0.6%

Shares of IQI stock traded up $0.06 on Monday, hitting $9.94. 107,976 shares of the stock traded hands, compared to its average volume of 206,097. Invesco Quality Municipal Income Trust has a 52 week low of $9.06 and a 52 week high of $10.42. The firm has a 50 day simple moving average of $9.97 and a two-hundred day simple moving average of $9.98.

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 dividend of $0.0631 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, April 14th.

Institutional Trading of Invesco Quality Municipal Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Wealth Management LLC raised its position in shares of Invesco Quality Municipal Income Trust by 7.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,339 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,070 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Invesco Quality Municipal Income Trust by 13.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 1,681 shares in the last quarter. Compound Planning Inc. increased its holdings in Invesco Quality Municipal Income Trust by 10.2% in the 3rd quarter. Compound Planning Inc. now owns 22,010 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 2,045 shares during the last quarter. HighTower Advisors LLC increased its holdings in Invesco Quality Municipal Income Trust by 20.1% in the 4th quarter. HighTower Advisors LLC now owns 14,884 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 2,492 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter valued at $27,000.

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.