Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Update

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 63,800 shares, a growth of 28.6% from the March 31st total of 49,600 shares. Based on an average daily volume of 133,400 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE:IQI opened at $9.33 on Tuesday. The company’s fifty day moving average is $9.52 and its two-hundred day moving average is $9.28. Invesco Quality Municipal Income Trust has a 12-month low of $8.05 and a 12-month high of $9.78.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.0403 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.18%.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in IQI. CWM LLC increased its position in Invesco Quality Municipal Income Trust by 191.8% in the 3rd quarter. CWM LLC now owns 4,313 shares of the financial services provider’s stock worth $36,000 after buying an additional 2,835 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the third quarter worth about $41,000. Financial Management Professionals Inc. bought a new position in Invesco Quality Municipal Income Trust in the first quarter valued at approximately $48,000. Relyea Zuckerberg Hanson LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter valued at about $108,000. Finally, Stonebrook Private Inc. bought a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $132,000.

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.