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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 103,000 shares, a growth of 58.2% from the October 31st total of 65,100 shares. Based on an average trading volume of 181,500 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Invesco Quality Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. boosted its position in shares of Invesco Quality Municipal Income Trust by 5.2% in the second quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 1,038 shares during the period. Commonwealth Equity Services LLC grew its position in Invesco Quality Municipal Income Trust by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 1,045 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco Quality Municipal Income Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 1,827 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Invesco Quality Municipal Income Trust by 14.1% during the third quarter. Concurrent Investment Advisors LLC now owns 15,559 shares of the financial services provider’s stock valued at $162,000 after buying an additional 1,925 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the second quarter valued at about $33,000.

Invesco Quality Municipal Income Trust Price Performance

Invesco Quality Municipal Income Trust stock opened at $10.21 on Friday. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.03 and a fifty-two week high of $10.53. The firm has a fifty day moving average price of $10.18 and a two-hundred day moving average price of $10.07.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.0631 per share. The ex-dividend date is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 7.42%.

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.