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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 81,900 shares, an increase of 27.2% from the June 30th total of 64,400 shares. Based on an average daily trading volume, of 137,900 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Quality Municipal Income Trust Price Performance

Invesco Quality Municipal Income Trust stock traded up $0.01 during midday trading on Tuesday, hitting $10.05. 19,916 shares of the company’s stock were exchanged, compared to its average volume of 139,570. Invesco Quality Municipal Income Trust has a 52-week low of $8.05 and a 52-week high of $10.24. The stock has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $9.65.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be issued a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend is Tuesday, July 16th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of IQI. Allspring Global Investments Holdings LLC boosted its holdings in shares of Invesco Quality Municipal Income Trust by 2,938.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 791,955 shares of the financial services provider’s stock worth $7,531,000 after purchasing an additional 765,888 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings 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 worth $8,355,000 after purchasing an additional 296,661 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in shares of Invesco Quality Municipal Income Trust by 488.3% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 356,298 shares of the financial services provider’s stock worth $3,449,000 after purchasing an additional 295,738 shares in the last quarter. Karpus Management Inc. boosted its holdings in shares of Invesco Quality Municipal Income Trust by 8.8% in the 1st quarter. Karpus Management Inc. now owns 2,983,991 shares of the financial services provider’s stock worth $28,885,000 after purchasing an additional 242,204 shares in the last quarter. Finally, Robinson Capital Management LLC boosted its holdings in shares of Invesco Quality Municipal Income Trust by 94.5% in the 4th quarter. Robinson Capital Management LLC now owns 367,547 shares of the financial services provider’s stock worth $3,499,000 after purchasing an additional 178,529 shares in the last quarter.

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.