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

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 105,143 shares, a decrease of 22.8% from the December 15th total of 136,164 shares. Based on an average daily trading volume, of 173,561 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 173,561 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Quality Municipal Income Trust Stock Down 0.1%

NYSE IQI traded down $0.01 during trading on Friday, reaching $10.09. 85,355 shares of the company traded hands, compared to its average volume of 132,829. Invesco Quality Municipal Income Trust has a 1-year low of $8.86 and a 1-year high of $10.16. The stock’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $9.77.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.0631 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Insider Activity at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total transaction of $39,078.00. Following the sale, the portfolio manager directly owned 5,500 shares in the company, valued at approximately $55,110. The trade was a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several large investors have recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $27,000. Farther Finance Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at $69,000. Olistico Wealth LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at $110,000. World Investment Advisors bought a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter worth $112,000. Finally, Savant Capital LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter worth $132,000.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.