Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Declines By 46.2%

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 72,900 shares, a decline of 46.2% from the January 31st total of 135,600 shares. Based on an average daily trading volume, of 193,000 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the third quarter valued at approximately $142,000. MML Investors Services LLC increased its stake in shares of Invesco Quality Municipal Income Trust by 13.8% during the third quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock valued at $474,000 after buying an additional 5,495 shares during the period. US Bancorp DE purchased a new position in shares of Invesco Quality Municipal Income Trust during the third quarter valued at approximately $45,000. Van ECK Associates Corp increased its stake in shares of Invesco Quality Municipal Income Trust by 4.1% during the fourth quarter. Van ECK Associates Corp now owns 396,171 shares of the financial services provider’s stock valued at $3,906,000 after buying an additional 15,560 shares during the period. Finally, Money Concepts Capital Corp purchased a new stake in Invesco Quality Municipal Income Trust in the fourth quarter worth $161,000.

Invesco Quality Municipal Income Trust Price Performance

IQI opened at $10.07 on Friday. Invesco Quality Municipal Income Trust has a 52-week low of $9.23 and a 52-week high of $10.53. The stock’s 50 day moving average price is $9.88 and its 200-day moving average price is $10.08.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.0631 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.76 annualized dividend and a dividend yield of 7.52%.

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.