Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Significant Decrease in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 76,100 shares, a drop of 35.7% from the May 31st total of 118,300 shares. Based on an average daily trading volume, of 126,700 shares, the short-interest ratio is currently 0.6 days.

Invesco Quality Municipal Income Trust Price Performance

Invesco Quality Municipal Income Trust stock opened at $9.92 on Monday. The company’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $9.58. Invesco Quality Municipal Income Trust has a 52 week low of $8.05 and a 52 week high of $10.05.

Invesco Quality Municipal Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were given a $0.0631 dividend. This is an increase from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.76 annualized dividend and a dividend yield of 7.63%. The ex-dividend date was Tuesday, June 18th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco Quality Municipal Income Trust by 2.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 137,879 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 2,762 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco Quality Municipal Income Trust by 4.5% during the first quarter. Commonwealth Equity Services LLC now owns 78,507 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 3,387 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust during the first quarter worth approximately $48,000. Atomi Financial Group Inc. boosted its holdings in shares of Invesco Quality Municipal Income Trust by 60.0% during the first quarter. Atomi Financial Group Inc. now owns 20,085 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 7,532 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust during the first quarter worth approximately $102,000.

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.