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

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

Invesco Quality Municipal Income Trust Price Performance

IQI opened at $9.61 on Monday. Invesco Quality Municipal Income Trust has a 52 week low of $9.23 and a 52 week high of $10.53. The firm has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $10.12.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date of this dividend is Tuesday, December 17th.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

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

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.