Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Significant Increase in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 63,800 shares, an increase of 28.6% from the March 31st total of 49,600 shares. Based on an average daily volume of 133,400 shares, the short-interest ratio is presently 0.5 days.

Invesco Quality Municipal Income Trust Price Performance

NYSE:IQI opened at $9.32 on Friday. The stock has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $9.27. Invesco Quality Municipal Income Trust has a 1-year low of $8.05 and a 1-year high of $9.84.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.0403 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Monday, April 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Tyche Wealth Partners LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the first quarter valued at approximately $201,000. Raymond James Financial Services Advisors Inc. increased its stake in Invesco Quality Municipal Income Trust by 2.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 137,879 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 2,762 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Invesco Quality Municipal Income Trust by 40.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,115,833 shares of the financial services provider’s stock valued at $10,801,000 after acquiring an additional 323,878 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 3.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 545,578 shares of the financial services provider’s stock valued at $5,281,000 after acquiring an additional 18,304 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust during the 1st quarter worth $48,000.

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.