Invesco Quality Municipal Income Trust (NYSE:IQI) Sees Large Drop in Short Interest

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 72,900 shares, a decline of 46.2% from the January 31st total of 135,600 shares. Based on an average daily volume of 193,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IQI. US Bancorp DE purchased a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter worth about $45,000. Signaturefd LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $43,000. Atala Financial Inc purchased a new position in Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $101,000. Fortitude Advisory Group L.L.C. purchased a new position in Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $101,000. Finally, Worth Asset Management LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 4th quarter valued at $102,000.

Invesco Quality Municipal Income Trust Stock Performance

NYSE:IQI traded down $0.03 during trading hours on Monday, reaching $10.06. 133,763 shares of the company were exchanged, compared to its average volume of 173,174. The stock has a 50 day simple moving average of $9.88 and a 200 day simple moving average of $10.07. Invesco Quality Municipal Income Trust has a 52-week low of $9.23 and a 52-week high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend was Tuesday, February 18th.

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.