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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 52,573 shares, a drop of 40.6% from the June 15th total of 88,454 shares. Based on an average daily volume of 145,448 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Invesco Quality Municipal Income Trust Stock Down 0.4%

Shares of NYSE:IQI traded down $0.04 on Friday, reaching $10.14. 212,398 shares of the company’s stock were exchanged, compared to its average volume of 146,689. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.06 and a fifty-two week high of $10.42. The business’s 50-day moving average is $9.98 and its two-hundred day moving average is $9.97.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be issued a dividend of $0.0631 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Large investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 7.5% during the fourth 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 raised its holdings in shares of Invesco Quality Municipal Income Trust by 13.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 1,681 shares in the last quarter. Compound Planning Inc. increased its holdings in shares of Invesco Quality Municipal Income Trust by 6.2% in the first quarter. Compound Planning Inc. now owns 30,041 shares of the financial services provider’s stock valued at $289,000 after buying an additional 1,764 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Invesco Quality Municipal Income Trust by 20.1% during the fourth quarter. HighTower Advisors LLC now owns 14,884 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 2,492 shares during the period. Finally, Alpine Global Management LLC raised its holdings in Invesco Quality Municipal Income Trust by 2.7% during the 4th quarter. Alpine Global Management LLC now owns 115,507 shares of the financial services provider’s stock worth $1,150,000 after buying an additional 3,007 shares during the period.

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.