Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Down 26.8% in September

Key Points

• Short interest in Invesco Quality Municipal Income Trust (IQI) decreased by 26.8% in September, dropping from 228,100 shares to 166,900 shares.
• Several institutional investors, including XTX Topco Ltd and LPL Financial LLC, have recently increased their holdings in IQI, reflecting growing interest in the fund.
• The company declared a monthly dividend of $0.0631 per share, with a yield of 7.7%, to be paid on October 31st to shareholders of record on October 16th.

Invesco Quality Municipal Income Trust (NYSE:IQI - ) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 166,900 shares, a drop of 26.8% from the August 31st total of 228,100 shares. Based on an average trading volume of 205,600 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 205,600 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of IQI. XTX Topco Ltd purchased a new stake in shares of Invesco Quality Municipal Income Trust during the 1st quarter worth approximately $243,000. Concurrent Investment Advisors LLC boosted its position in Invesco Quality Municipal Income Trust by 62.8% during the first quarter. Concurrent Investment Advisors LLC now owns 24,712 shares of the financial services provider's stock worth $239,000 after purchasing an additional 9,528 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Invesco Quality Municipal Income Trust in the first quarter valued at $148,000. LPL Financial LLC increased its position in shares of Invesco Quality Municipal Income Trust by 17.3% in the first quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider's stock valued at $5,737,000 after buying an additional 87,535 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Invesco Quality Municipal Income Trust in the first quarter valued at $538,000.

Invesco Quality Municipal Income Trust Stock Performance

Shares of NYSE IQI opened at $9.82 on Tuesday. The company's fifty day moving average is $9.59 and its two-hundred day moving average is $9.45. Invesco Quality Municipal Income Trust has a one year low of $8.86 and a one year high of $10.43.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be given a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Thursday, October 16th.

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.

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