Invesco Quality Municipal Income Trust (NYSE:IQI – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 76,100 shares, a drop of 35.7% from the May 31st total of 118,300 shares. Based on an average daily trading volume, of 126,700 shares, the short-interest ratio is currently 0.6 days.
Invesco Quality Municipal Income Trust Price Performance
Invesco Quality Municipal Income Trust stock opened at $9.92 on Monday. The company’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $9.58. Invesco Quality Municipal Income Trust has a 52 week low of $8.05 and a 52 week high of $10.05.
Invesco Quality Municipal Income Trust Increases Dividend
The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were given a $0.0631 dividend. This is an increase from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.76 annualized dividend and a dividend yield of 7.63%. The ex-dividend date was Tuesday, June 18th.
Institutional Inflows and Outflows
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.
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