Short Interest in Invesco Quality Municipal Income Trust (NYSE:IQI) Declines By 55.9%

Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 25,100 shares, a decrease of 55.9% from the April 30th total of 56,900 shares. Based on an average daily volume of 180,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of hedge funds have recently modified their holdings of IQI. Sound Income Strategies LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 58.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,198 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 1,175 shares during the period. Signaturefd LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 4th quarter worth about $43,000. Atala Financial Inc purchased a new stake in Invesco Quality Municipal Income Trust during the fourth quarter valued at about $101,000. Elequin Capital LP purchased a new stake in Invesco Quality Municipal Income Trust during the first quarter valued at about $118,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth about $123,000.

Invesco Quality Municipal Income Trust Trading Down 0.6%

Invesco Quality Municipal Income Trust stock traded down $0.06 during mid-day trading on Tuesday, hitting $9.32. The company's stock had a trading volume of 88,279 shares, compared to its average volume of 171,992. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.53. The stock's fifty day moving average price is $9.38 and its two-hundred day moving average price is $9.73.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend is Tuesday, June 17th.

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.