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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 332,124 shares, an increase of 531.7% from the June 30th total of 52,573 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 175,828 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of large investors have recently bought and sold shares of IQI. Raymond James Financial Inc. grew its holdings in shares of Invesco Quality Municipal Income Trust by 7.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after acquiring an additional 92,863 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Invesco Quality Municipal Income Trust by 15.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider’s stock worth $11,988,000 after acquiring an additional 163,271 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Invesco Quality Municipal Income Trust by 6.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 899,854 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 54,740 shares during the last quarter. LPL Financial LLC grew its stake in Invesco Quality Municipal Income Trust by 0.6% in the fourth quarter. LPL Financial LLC now owns 727,096 shares of the financial services provider’s stock valued at $7,242,000 after purchasing an additional 4,437 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Invesco Quality Municipal Income Trust by 13.0% in the first quarter. NewEdge Advisors LLC now owns 455,485 shares of the financial services provider’s stock valued at $4,382,000 after purchasing an additional 52,443 shares in the last quarter.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI traded up $0.02 during trading hours on Friday, reaching $9.96. The stock had a trading volume of 156,970 shares, compared to its average volume of 168,072. Invesco Quality Municipal Income Trust has a 52 week low of $9.16 and a 52 week high of $10.42. The firm has a 50-day moving average of $10.00 and a 200 day moving average of $9.97.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be issued a dividend of $0.0631 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, July 14th.

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.