Invesco Quality Municipal Income Trust (NYSE:IQI) Stock Short Interest Declines 43.5%

by · The Markets Daily

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

Insider Activity at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Timothy O’Reilly sold 6,282 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was 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 available through this hyperlink.

Institutional Trading of Invesco Quality Municipal Income Trust

Large investors have recently bought and sold shares of the business. Hardin Capital Partners LLC increased its stake in Invesco Quality Municipal Income Trust by 58.5% in 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 during the period. NewEdge Advisors LLC raised its holdings in shares of 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 valued at $5,681,000 after buying an additional 105,880 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Invesco Quality Municipal Income Trust by 47.1% in the second quarter. IFP Advisors Inc now owns 182,631 shares of the financial services provider’s stock valued at $1,848,000 after buying an additional 58,480 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its holdings in shares of Invesco Quality Municipal Income Trust by 23.5% in the second quarter. Fortitude Advisory Group L.L.C. now owns 25,756 shares of the financial services provider’s stock valued at $261,000 after buying an additional 4,895 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Invesco Quality Municipal Income Trust by 2.2% during the second quarter. Van ECK Associates Corp now owns 351,096 shares of the financial services provider’s stock worth $3,553,000 after buying an additional 7,574 shares during the period.

Invesco Quality Municipal Income Trust Trading Up 2.2%

NYSE:IQI traded up $0.19 during mid-day trading on Thursday, reaching $8.91. 265,208 shares of the stock were exchanged, compared to its average volume of 169,160. The company has a 50 day simple moving average of $9.62 and a 200-day simple moving average of $9.81. Invesco Quality Municipal Income Trust has a 1 year low of $8.47 and a 1 year high of $10.42.

Invesco Quality Municipal Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be issued a $0.0631 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This is an increase from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.0631. This represents a $0.76 annualized dividend and a dividend yield of 8.5%.

About Invesco Quality Municipal Income Trust

(Get Free Report)

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.

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