Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Down 5.3% in November

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 97,500 shares, a decline of 5.3% from the November 15th total of 103,000 shares. Based on an average daily volume of 188,100 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI opened at $9.78 on Thursday. The firm has a 50-day moving average price of $10.11 and a two-hundred day moving average price of $10.13. 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 Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Tuesday, December 17th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in IQI. Atomi Financial Group Inc. grew its holdings in shares of Invesco Quality Municipal Income Trust by 5.2% during the 2nd quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 1,038 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Invesco Quality Municipal Income Trust by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock worth $789,000 after buying an additional 1,045 shares in the last quarter. Cetera Investment Advisers increased its holdings in Invesco Quality Municipal Income Trust by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 1,827 shares during the period. Concurrent Investment Advisors LLC increased its holdings in Invesco Quality Municipal Income Trust by 14.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,559 shares of the financial services provider’s stock valued at $162,000 after buying an additional 1,925 shares during the period. Finally, Larson Financial Group LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at approximately $33,000.

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.