BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Down 92.9% in January

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

Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust

Several institutional investors and hedge funds have recently modified their holdings of BKN. Virtu Financial LLC acquired a new stake in BlackRock Investment Quality Municipal Trust in the 3rd quarter valued at about $147,000. Koshinski Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 11,305 shares during the last quarter. Van ECK Associates Corp lifted its position in BlackRock Investment Quality Municipal Trust by 10.3% during the third 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 in the last quarter. Finally, Primoris Wealth Advisors LLC lifted its position in BlackRock Investment Quality Municipal Trust by 78.9% during the third quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock worth $1,260,000 after buying an additional 43,000 shares in the last quarter. Hedge funds and other institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Trading Up 0.7 %

BlackRock Investment Quality Municipal Trust stock opened at $11.45 on Wednesday. BlackRock Investment Quality Municipal Trust has a one year low of $11.01 and a one year high of $13.16. The stock has a 50-day moving average of $11.59 and a two-hundred day moving average of $12.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Wednesday, January 15th.

About BlackRock Investment Quality Municipal Trust

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.