Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Down 22.8% in December

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

Invesco Quality Municipal Income Trust Price Performance

IQI stock traded down $0.04 during trading on Tuesday, reaching $10.06. 86,376 shares of the stock were exchanged, compared to its average volume of 117,802. The business has a 50 day moving average price of $10.00 and a 200-day moving average price of $9.77. Invesco Quality Municipal Income Trust has a 1 year low of $8.86 and a 1 year high of $10.16.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.0631 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, January 15th.

Insider Activity at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Jack Connelly sold 3,900 shares of the business’s 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 transaction, the portfolio manager owned 5,500 shares of the company’s stock, 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 SEC, which can be accessed through this link.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IQI. Quent Capital LLC purchased a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $27,000. Farther Finance Advisors LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter valued at about $69,000. World Investment Advisors acquired a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter valued at about $112,000. Olistico Wealth LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at approximately $110,000. Finally, Savant Capital LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter worth approximately $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.