Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Up 25.4% in February

Invesco Quality Municipal Income Trust (NYSE:IQI) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 91,400 shares, a growth of 25.4% from the February 13th total of 72,900 shares. Based on an average trading volume of 187,200 shares, the short-interest ratio is presently 0.5 days.

Invesco Quality Municipal Income Trust Stock Performance

Shares of Invesco Quality Municipal Income Trust stock opened at $9.73 on Wednesday. Invesco Quality Municipal Income Trust has a 52-week low of $9.23 and a 52-week high of $10.53. The stock’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $10.05.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Monday, March 17th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new position in Invesco Quality Municipal Income Trust during the 3rd quarter valued at about $45,000. Signaturefd LLC purchased a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at about $43,000. Atala Financial Inc purchased a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at about $101,000. Fortitude Advisory Group L.L.C. purchased a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at about $101,000. Finally, Worth Asset Management LLC purchased a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at about $102,000.

About Invesco Quality Municipal Income Trust

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.