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

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 118,600 shares, an increase of 29.8% from the February 28th total of 91,400 shares. Based on an average trading volume of 176,600 shares, the short-interest ratio is currently 0.7 days.

Invesco Quality Municipal Income Trust Stock Performance

Shares of NYSE:IQI traded up $0.06 during midday trading on Tuesday, reaching $9.74. 97,132 shares of the company traded hands, compared to its average volume of 161,322. The firm’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $10.01. 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 company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date is Wednesday, April 16th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of large investors have recently modified their holdings of the company. Signaturefd LLC purchased a new stake in Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $43,000. Fortitude Advisory Group L.L.C. bought a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth $101,000. Atala Financial Inc purchased a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth $101,000. Worth Asset Management LLC bought a new stake in Invesco Quality Municipal Income Trust during the fourth quarter valued at $102,000. Finally, Noble Wealth Management PBC purchased a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth about $123,000.

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.