Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 58.2% in November

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at approximately $45,000. Raymond James & Associates increased its stake in shares of Invesco Quality Municipal Income Trust by 3.4% during the 2nd quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock worth $7,557,000 after purchasing an additional 24,912 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Invesco Quality Municipal Income Trust by 5.2% during the 2nd quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 1,038 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Invesco Quality Municipal Income Trust by 54.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 842,239 shares of the financial services provider’s stock valued at $8,355,000 after purchasing an additional 296,661 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 26.0% in the 2nd quarter. Tyche Wealth Partners LLC now owns 26,103 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 5,388 shares during the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock opened at $10.21 on Friday. Invesco Quality Municipal Income Trust has a 12 month low of $9.03 and a 12 month high of $10.53. The company’s fifty day simple moving average is $10.18 and its 200-day simple moving average is $10.07.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0631 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.76 dividend on an annualized basis 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.