Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Drops By 35.7%

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 76,100 shares, a decrease of 35.7% from the May 31st total of 118,300 shares. Based on an average daily volume of 126,700 shares, the short-interest ratio is currently 0.6 days.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI opened at $9.92 on Friday. Invesco Quality Municipal Income Trust has a 52-week low of $8.05 and a 52-week high of $10.05. The firm has a 50-day moving average price of $9.67 and a 200 day moving average price of $9.57.

Invesco Quality Municipal Income Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.0631 per share. This is a positive change from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.76 annualized dividend and a yield of 7.63%. The ex-dividend date was Tuesday, June 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its position in Invesco Quality Municipal Income Trust by 2.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 137,879 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 2,762 shares during the period. Commonwealth Equity Services LLC grew its position in Invesco Quality Municipal Income Trust by 4.5% during the first quarter. Commonwealth Equity Services LLC now owns 78,507 shares of the financial services provider’s stock worth $760,000 after buying an additional 3,387 shares during the period. Financial Management Professionals Inc. acquired a new position in Invesco Quality Municipal Income Trust during the first quarter worth about $48,000. Atomi Financial Group Inc. grew its position in Invesco Quality Municipal Income Trust by 60.0% during the first quarter. Atomi Financial Group Inc. now owns 20,085 shares of the financial services provider’s stock worth $194,000 after buying an additional 7,532 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Invesco Quality Municipal Income Trust during the first quarter worth about $102,000.

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.