Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 52.2% in December

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 148,400 shares, a growth of 52.2% from the November 30th total of 97,500 shares. Based on an average trading volume of 192,000 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IQI. International Assets Investment Management LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 2nd quarter worth approximately $35,000. Rothschild Investment LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the second quarter worth $1,803,000. Commonwealth Equity Services LLC increased its holdings in Invesco Quality Municipal Income Trust by 1.3% in the second quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 1,045 shares during the period. Larson Financial Group LLC bought a new position in Invesco Quality Municipal Income Trust during the 2nd quarter worth $33,000. Finally, Hardin Capital Partners LLC bought a new position in Invesco Quality Municipal Income Trust during the 2nd quarter worth $308,000.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI opened at $9.61 on Monday. Invesco Quality Municipal Income Trust has a twelve month low of $9.23 and a twelve month high of $10.53. The business’s fifty day moving average is $10.01 and its 200 day moving average is $10.12.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.88%. The ex-dividend date is Tuesday, December 17th.

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.