Short Interest in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Rises By 132.1%

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Simplicity Wealth LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust in the second quarter worth about $185,000. Koss Olinger Consulting LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust in the second quarter valued at approximately $180,000. 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. Primoris Wealth Advisors LLC lifted its position in BlackRock Investment Quality Municipal Trust by 22.5% during the second quarter. Primoris Wealth Advisors LLC now owns 54,500 shares of the company’s stock worth $652,000 after buying an additional 10,000 shares in the last quarter. Finally, Robinson Capital Management LLC boosted its stake in BlackRock Investment Quality Municipal Trust by 3.9% during the first quarter. Robinson Capital Management LLC now owns 262,334 shares of the company’s stock worth $3,156,000 after buying an additional 9,824 shares during the last quarter. Hedge funds and other 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.