BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) saw a large growth in short interest in the month of 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 daily volume of 51,700 shares, the days-to-cover ratio is presently 0.9 days.
BlackRock Investment Quality Municipal Trust Stock Performance
BlackRock Investment Quality Municipal Trust stock opened at $12.59 on Monday. BlackRock Investment Quality Municipal Trust has a 12 month low of $9.62 and a 12 month high of $13.16. The business has a 50 day simple moving average of $12.71 and a 200-day simple moving average of $12.27.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.057 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.68 annualized dividend and a dividend yield of 5.43%.
Institutional Trading of BlackRock Investment Quality Municipal Trust
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.
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