Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Grows By 29.8%

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 118,600 shares, an increase of 29.8% from the February 28th total of 91,400 shares. Based on an average trading volume of 176,600 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Invesco Quality Municipal Income Trust

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Invesco Quality Municipal Income Trust during the 4th quarter valued at $11,965,000. LPL Financial LLC increased its position in Invesco Quality Municipal Income Trust by 198.7% during the fourth quarter. LPL Financial LLC now owns 505,154 shares of the financial services provider’s stock valued at $4,981,000 after acquiring an additional 336,042 shares during the last quarter. Robinson Capital Management LLC lifted its holdings 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 acquiring an additional 200,732 shares during the period. CF Capital LLC purchased a new position in Invesco Quality Municipal Income Trust in the fourth quarter worth about $1,419,000. Finally, Pathstone Holdings LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 16.4% during the 4th 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 period.

Invesco Quality Municipal Income Trust Stock Performance

IQI traded up $0.04 during trading on Monday, hitting $9.69. 152,481 shares of the company’s stock traded hands, compared to its average volume of 161,393. The company’s 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $10.02. Invesco Quality Municipal Income Trust has a 12-month low of $9.23 and a 12-month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a yield of 7.82%. The ex-dividend date is Wednesday, April 16th.

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.