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

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

BlackRock Investment Quality Municipal Trust Stock Down 0.1 %

Shares of NYSE:BKN traded down $0.01 during trading on Monday, hitting $11.06. 95,619 shares of the company were exchanged, compared to its average volume of 65,974. BlackRock Investment Quality Municipal Trust has a fifty-two week low of $11.01 and a fifty-two week high of $13.16. The firm has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $12.22.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.057 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.68 annualized dividend and a yield of 6.18%.

Institutional Trading of BlackRock Investment Quality Municipal Trust

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings 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 last quarter. Primoris Wealth Advisors LLC lifted its stake in shares of BlackRock Investment Quality Municipal Trust by 78.9% in the third quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock valued at $1,260,000 after buying an additional 43,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in BlackRock Investment Quality Municipal Trust by 2.2% in the 2nd 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 in the last quarter. Koshinski Asset Management Inc. lifted 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 in the last quarter. Finally, Virtu Financial LLC bought a new stake in BlackRock Investment Quality Municipal Trust during the third quarter worth $147,000. Institutional investors and hedge funds 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.