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

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

BlackRock Investment Quality Municipal Trust Stock Up 0.7 %

Shares of 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’s fifty day moving average is $11.59 and its 200 day moving average is $12.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Koshinski Asset Management Inc. boosted its stake in shares of BlackRock Investment Quality Municipal Trust by 30.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock valued at $424,000 after purchasing an additional 8,859 shares during the period. Van ECK Associates Corp boosted its position in BlackRock Investment Quality Municipal Trust by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock valued at $1,260,000 after buying an additional 9,221 shares during the period. Virtu Financial LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust during the third quarter worth approximately $147,000. Finally, Primoris Wealth Advisors LLC raised its stake in shares of 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 valued at $1,260,000 after acquiring an additional 43,000 shares in the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

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.