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

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,500 shares, a growth of 114.3% from the December 31st total of 700 shares. Based on an average daily volume of 75,900 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On BlackRock Investment Quality Municipal Trust

Several hedge funds have recently added to or reduced their stakes in BKN. Virtu Financial LLC acquired a new stake in BlackRock Investment Quality Municipal Trust during the 3rd quarter worth approximately $147,000. Koshinski Asset Management Inc. increased its position 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 worth $377,000 after purchasing an additional 11,305 shares during the period. Van ECK Associates Corp raised its stake in BlackRock Investment Quality Municipal Trust by 7.9% in the fourth quarter. Van ECK Associates Corp now owns 106,618 shares of the company’s stock valued at $1,189,000 after purchasing an additional 7,764 shares in the last quarter. Finally, Primoris Wealth Advisors LLC grew its stake 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. Institutional investors and hedge funds own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Price Performance

BKN traded up $0.01 during trading on Friday, reaching $11.48. 57,289 shares of the stock were exchanged, compared to its average volume of 67,882. The stock’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $12.15. BlackRock Investment Quality Municipal Trust has a twelve month low of $11.01 and a twelve month high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Wednesday, January 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.