BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Update

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 700 shares, a drop of 92.9% from the December 15th total of 9,800 shares. Based on an average trading volume of 69,700 shares, the days-to-cover ratio is currently 0.0 days.

BlackRock Investment Quality Municipal Trust Trading Down 0.1 %

BKN stock traded down $0.01 during trading on Monday, hitting $11.06. 95,619 shares of the stock traded hands, compared to its average volume of 65,974. The company has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $12.22. BlackRock Investment Quality Municipal Trust has a one year low of $11.01 and a one year high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Primoris Wealth Advisors LLC boosted its stake in BlackRock Investment Quality Municipal Trust by 78.9% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock worth $1,260,000 after acquiring an additional 43,000 shares during the last quarter. Virtu Financial LLC bought a new position in BlackRock Investment Quality Municipal Trust during the third quarter worth about $147,000. Koshinski Asset Management Inc. lifted its holdings in shares of BlackRock Investment Quality Municipal Trust by 63.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock valued at $377,000 after purchasing an additional 11,305 shares in the last quarter. Van ECK Associates Corp raised its holdings in BlackRock Investment Quality Municipal Trust by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock worth $1,260,000 after buying an additional 9,221 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in BlackRock Investment Quality Municipal Trust by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company’s stock valued at $784,000 after buying an additional 1,411 shares in the last quarter. Institutional investors own 26.67% of the company’s stock.

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.