Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Down 22.8% in December

Invesco Quality Municipal Income Trust (NYSE:IQI) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 105,143 shares, a decline of 22.8% from the December 15th total of 136,164 shares. Based on an average daily volume of 173,561 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 173,561 shares, the days-to-cover ratio is currently 0.6 days.

Insider Transactions at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Jack Connelly sold 3,900 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total value of $39,078.00. Following the completion of the sale, the portfolio manager directly owned 5,500 shares of the company’s stock, valued at $55,110. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

A number of large investors have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC grew its position in Invesco Quality Municipal Income Trust by 4.5% during the second quarter. Riverbridge Partners LLC now owns 44,873 shares of the financial services provider’s stock worth $421,000 after buying an additional 1,921 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Invesco Quality Municipal Income Trust by 10.2% during the 3rd quarter. Compound Planning Inc. now owns 22,010 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 2,045 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Invesco Quality Municipal Income Trust by 24.0% during the third quarter. Cornerstone Wealth Management LLC now owns 14,269 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 2,759 shares during the period. Quent Capital LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the third quarter valued at $27,000. Finally, Successful Portfolios LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 27.7% in the third quarter. Successful Portfolios LLC now owns 13,832 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 3,000 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Down 0.1%

Shares of Invesco Quality Municipal Income Trust stock traded down $0.01 during midday trading on Friday, reaching $10.09. 85,355 shares of the company’s stock traded hands, compared to its average volume of 132,829. Invesco Quality Municipal Income Trust has a 52 week low of $8.86 and a 52 week high of $10.16. The company’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.77.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.0631 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, January 15th.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.