Invesco Quality Municipal Income Trust (NYSE:IQI) Stock Short Interest Report for September

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 370,396 shares, a drop of 43.5% from the September 15th total of 655,647 shares. Based on an average daily trading volume, of 358,729 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the company are short sold.

Insider Buying and Selling

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Timothy O’Reilly sold 6,282 shares of Invesco Quality Municipal Income Trust stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $8.87, for a total value of $55,721.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its stake in shares of Invesco Quality Municipal Income Trust by 19.2% in the third quarter. IFP Advisors Inc now owns 217,664 shares of the financial services provider’s stock worth $1,876,000 after purchasing an additional 35,033 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its stake in shares of Invesco Quality Municipal Income Trust by 9.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 28,278 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 2,522 shares in the last quarter. Hardin Capital Partners LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 58.5% during the third quarter. Hardin Capital Partners LLC now owns 51,500 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 19,000 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco Quality Municipal Income Trust by 23.2% in the second quarter. NewEdge Advisors LLC now owns 561,365 shares of the financial services provider’s stock worth $5,681,000 after purchasing an additional 105,880 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Invesco Quality Municipal Income Trust by 2.2% in the second quarter. Van ECK Associates Corp now owns 351,096 shares of the financial services provider’s stock worth $3,553,000 after purchasing an additional 7,574 shares during the period.

Invesco Quality Municipal Income Trust Stock Up 1.5%

Shares of NYSE:IQI traded up $0.13 during trading on Friday, hitting $9.02. 215,088 shares of the company traded hands, compared to its average volume of 334,141. The business’s fifty day moving average is $9.57 and its 200-day moving average is $9.80. Invesco Quality Municipal Income Trust has a one year low of $8.47 and a one year high of $10.42.

Invesco Quality Municipal Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a $0.0631 dividend. This is a boost from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.0631. This represents a $0.76 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, October 14th.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties and other governmental entities in the United States.

The trust’s portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund’s investment policies and risk considerations. These securities can finance public projects and essential services such as transportation, education, utilities, health care and other infrastructure.

Invesco Quality Municipal Income Trust is managed by Invesco Advisers, Inc, an investment adviser within Invesco Ltd.