BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Up 132.1% in October

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 45,500 shares, a growth of 132.1% from the September 30th total of 19,600 shares. Based on an average trading volume of 51,700 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of BlackRock Investment Quality Municipal Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC raised its position in BlackRock Investment Quality Municipal Trust by 8.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock valued at $151,000 after purchasing an additional 1,000 shares during the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the 2nd quarter worth $180,000. Simplicity Wealth LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the 2nd quarter worth $185,000. NINE MASTS CAPITAL Ltd lifted its stake in shares of BlackRock Investment Quality Municipal Trust by 7.5% in the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock valued at $256,000 after purchasing an additional 1,497 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in BlackRock Investment Quality Municipal Trust by 63.3% in the third quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock valued at $377,000 after buying an additional 11,305 shares in the last quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Down 0.2 %

BlackRock Investment Quality Municipal Trust stock opened at $12.59 on Monday. The company has a fifty day simple moving average of $12.71 and a 200-day simple moving average of $12.27. BlackRock Investment Quality Municipal Trust has a 12-month low of $9.62 and a 12-month high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Tuesday, October 15th.

BlackRock Investment Quality Municipal Trust Company Profile

BlackRock Investment Quality Municipal Trust Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.