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

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 45,500 shares, an increase 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.

Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust

Several hedge funds have recently bought and sold shares of the business. Primoris Wealth Advisors LLC grew its holdings in BlackRock Investment Quality Municipal Trust by 15.6% during the first quarter. Primoris Wealth Advisors LLC now owns 44,500 shares of the company’s stock valued at $552,000 after purchasing an additional 6,000 shares during the last quarter. Robinson Capital Management LLC grew its stake in BlackRock Investment Quality Municipal Trust by 3.9% in the 1st quarter. Robinson Capital Management LLC now owns 262,334 shares of the company’s stock valued at $3,156,000 after buying an additional 9,824 shares during the last quarter. Cetera Advisors LLC raised its holdings in BlackRock Investment Quality Municipal Trust by 4.9% in the 1st quarter. Cetera Advisors LLC now owns 54,551 shares of the company’s stock worth $677,000 after acquiring an additional 2,562 shares during the period. Simplicity Wealth LLC acquired a new position in BlackRock Investment Quality Municipal Trust during the 2nd quarter worth $185,000. Finally, Bank of New York Mellon Corp boosted its holdings in BlackRock Investment Quality Municipal Trust by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company’s stock valued at $784,000 after acquiring an additional 1,411 shares during the period. 26.67% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Price Performance

Shares of NYSE:BKN traded down $0.03 during midday trading on Friday, hitting $12.59. 14,656 shares of the stock were exchanged, compared to its average volume of 45,157. BlackRock Investment Quality Municipal Trust has a 52-week low of $9.62 and a 52-week high of $13.16. The business’s fifty day simple moving average is $12.71 and its two-hundred day simple moving average is $12.27.

BlackRock Investment Quality Municipal Trust Dividend Announcement

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

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.