Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 25.4% in February

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 91,400 shares, a growth of 25.4% from the February 13th total of 72,900 shares. Based on an average daily volume of 187,200 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Quality Municipal Income Trust Trading Down 0.6 %

Shares of Invesco Quality Municipal Income Trust stock traded down $0.06 during midday trading on Monday, hitting $9.79. 153,067 shares of the company traded hands, compared to its average volume of 159,360. The firm’s fifty day moving average price is $9.92 and its 200-day moving average price is $10.06. Invesco Quality Municipal Income Trust has a 12 month low of $9.23 and a 12 month high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Monday, March 17th.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $45,000. Larson Financial Group LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 234.1% during the 3rd quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 7,725 shares during the period. Centaurus Financial Inc. increased its stake in Invesco Quality Municipal Income Trust by 7.8% during the 3rd quarter. Centaurus Financial Inc. now owns 63,161 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 4,586 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in Invesco Quality Municipal Income Trust by 0.6% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,355,939 shares of the financial services provider’s stock valued at $14,156,000 after purchasing an additional 8,667 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Invesco Quality Municipal Income Trust by 13.8% during the 3rd quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 5,495 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.