Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Increases By 139.6%

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 135,600 shares, an increase of 139.6% from the January 15th total of 56,600 shares. Based on an average daily trading volume, of 190,600 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IQI. Capital Investment Advisors LLC boosted its position in Invesco Quality Municipal Income Trust by 5.9% in the 4th quarter. Capital Investment Advisors LLC now owns 31,796 shares of the financial services provider’s stock valued at $314,000 after buying an additional 1,785 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Invesco Quality Municipal Income Trust by 1.2% during the fourth quarter. Stifel Financial Corp now owns 148,088 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 1,821 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco Quality Municipal Income Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock valued at $1,284,000 after acquiring an additional 1,827 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Invesco Quality Municipal Income Trust by 14.1% in the third quarter. Concurrent Investment Advisors LLC now owns 15,559 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 1,925 shares during the period. Finally, US Bancorp DE acquired a new stake in Invesco Quality Municipal Income Trust in the third quarter worth about $45,000.

Invesco Quality Municipal Income Trust Stock Performance

NYSE IQI opened at $10.06 on Friday. The stock’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $10.09. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.53%. The ex-dividend date is Tuesday, February 18th.

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.