Invesco Quality Municipal Income Trust (NYSE: IQI) Short interest rate down 72.7% in November


Invesco Quality Municipal Income Trust (NYSE: IQI) benefited from a significant decrease in overdraft interest during the month of November. As of November 30, there was short interest totaling 5,000 shares, a decrease of 72.7% from the total of 18,300 shares as of November 15. Based on an average trading volume of 80,300 shares, the day / coverage ratio is currently 0.1 day.

NYSE: IQI shares traded up $ 0.02 during the midday session Tuesday, reaching $ 13.36. 613 shares of the company were traded, for an average volume of 82,999. The company’s fifty-day moving average is $ 13.18. Invesco Quality Municipal Income Trust has a one-year minimum of $ 12.41 and a one-year maximum of $ 13.98.

The company also recently declared a monthly dividend, which will be paid on Friday, December 31. Investors of record on Tuesday, December 14 will receive a dividend of $ 0.0509 per share. This represents a dividend of $ 0.61 on an annualized basis and a return of 4.57%. The ex-dividend date for this dividend is Monday, December 13.

Institutional investors have recently increased or reduced their holdings in the stock. Wells Fargo & Company MN increased its stake in Invesco Quality Municipal Income Trust by 18.5% during the second quarter. Wells Fargo & Company MN now owns 266,981 shares of the financial services provider valued at $ 3,604,000 after purchasing an additional 41,732 shares in the last quarter. Centaurus Financial Inc. increased its stake in Invesco Quality Municipal Income Trust shares by 10.0% in the second quarter. Centaurus Financial Inc. now owns 43,855 shares of the financial services provider valued at $ 592,000 after acquiring an additional 4,000 shares during the period. Sit Investment Associates Inc. increased its stake in Invesco Quality Municipal Income Trust shares by 1.7% in the second quarter. Sit Investment Associates Inc. now owns 844,025 shares of the financial services provider valued at $ 11,394,000 after acquiring an additional 14,514 shares during the period. Mid Atlantic Financial Management Inc. ADV increased its stake in Invesco Quality Municipal Income Trust shares by 28.1% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 29,500 shares of the financial services provider valued at $ 398,000 after acquiring an additional 6,475 shares during the period. Finally, First Trust Advisors LP increased its holdings of Invesco Quality Municipal Income Trust shares by 9.5% in the second quarter. First Trust Advisors LP now owns 121,177 shares of the financial services provider valued at $ 1,636,000 after purchasing an additional 10,518 shares in the last quarter. 14.57% of the shares are currently held by institutional investors.

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About the Invesco Municipal Quality Income Trust

Invesco Quality Municipal Income Trust is a closed-end 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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