Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 25.4% in February

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 91,400 shares, an increase of 25.4% from the February 13th total of 72,900 shares. Based on an average daily trading volume, of 187,200 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Quality Municipal Income Trust Stock Down 0.6 %

Shares of IQI opened at $9.73 on Wednesday. The stock has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $10.05. Invesco Quality Municipal Income Trust has a 1 year low of $9.23 and a 1 year high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0631 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.76 annualized dividend and a yield of 7.79%.

Institutional Trading of Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC lifted its position in Invesco Quality Municipal Income Trust by 1.9% in the third quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock valued at $14,328,000 after purchasing an additional 25,143 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $11,965,000. Robinson Capital Management LLC lifted its position in Invesco Quality Municipal Income Trust by 29.0% in the fourth quarter. Robinson Capital Management LLC now owns 893,374 shares of the financial services provider’s stock valued at $8,809,000 after purchasing an additional 200,732 shares during the last quarter. Sit Investment Associates Inc. lifted its position in Invesco Quality Municipal Income Trust by 2.9% in the fourth quarter. Sit Investment Associates Inc. now owns 802,800 shares of the financial services provider’s stock valued at $7,916,000 after purchasing an additional 22,345 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position 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 purchasing an additional 112,115 shares during the last quarter.

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.