Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Update

Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 155,223 shares, an increase of 262.2% from the January 29th total of 42,861 shares. Currently, 0.3% of the company's stock are short sold. Based on an average daily volume of 166,325 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 166,325 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company's stock are short sold.Insiders Place Their BetsIn other Invesco Quality Municipal Income Trust news, Portfolio Manager Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock in a transaction dated 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 transaction, the portfolio manager directly owned 5,500 shares of the company's stock, valued at approximately $55,110. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Hedge Funds Weigh In On Invesco Quality Municipal Income TrustLarge investors have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in Invesco Quality Municipal Income Trust in the 3rd quarter worth approximately $27,000. Kestra Advisory Services LLC purchased a new stake in Invesco Quality Municipal Income Trust in the 4th quarter worth about $35,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $69,000. Cottage Street Advisors LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at $100,000. Finally, International Assets Investment Management LLC bought a new position in Invesco Quality Municipal Income Trust in the 4th quarter worth about $109,000. Invesco Quality Municipal Income Trust Stock PerformanceShares of IQI traded up $0.02 during trading hours on Thursday, hitting $10.18. The stock had a trading volume of 20,020 shares, compared to its average volume of 135,499. The stock has a fifty day moving average price of $10.06 and a 200 day moving average price of $9.92. Invesco Quality Municipal Income Trust has a 12 month low of $8.86 and a 12 month high of $10.42. Invesco Quality Municipal Income Trust Announces DividendThe business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.0631 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Invesco Quality Municipal Income Trust Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Invesco Quality Municipal Income TrustALERT: Drop these 5 stocks before the market opens tomorrow!MAJOR BUY ALERT: Mar-a-Lago/Trump/ElonGilder: Don’t Buy AI Stocks, Do This InsteadRead this or regret it foreverWhat Expenses Can Be Deducted From Capital Gains Tax This Year?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco Quality Municipal Income Trust Right Now?Before you consider Invesco Quality Municipal Income Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco Quality Municipal Income Trust wasn't on the list.While Invesco Quality Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here