Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Large Growth in Short Interest

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

Invesco Quality Municipal Income Trust Stock Performance

IQI traded up $0.06 during trading on Friday, reaching $10.27. The stock had a trading volume of 151,066 shares, compared to its average volume of 179,460. Invesco Quality Municipal Income Trust has a 1-year low of $9.15 and a 1-year high of $10.53. The stock has a 50 day moving average of $10.18 and a two-hundred day moving average of $10.08.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.0631 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 7.37%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter valued at $45,000. Raymond James & Associates grew its holdings 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 valued at $7,557,000 after acquiring an additional 24,912 shares in the last quarter. Atomi Financial Group Inc. grew 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 acquiring an additional 1,038 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Invesco Quality Municipal Income Trust by 54.4% during 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 acquiring an additional 296,661 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its holdings in shares of Invesco Quality Municipal Income Trust by 26.0% during the 2nd quarter. Tyche Wealth Partners LLC now owns 26,103 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 5,388 shares in the last quarter.

About Invesco Quality Municipal Income Trust

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.