Blackrock Investment Quality Municipal Trust (NYSE:BKN) Short Interest Update

Blackrock Investment Quality Municipal Trust (NYSE:BKN) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,920 shares, a decline of 86.0% from the December 15th total of 13,678 shares. Based on an average trading volume of 104,844 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 104,844 shares, the days-to-cover ratio is presently 0.0 days.

Blackrock Investment Quality Municipal Trust Trading Down 0.1%

BKN traded down $0.01 on Monday, reaching $11.33. The company’s stock had a trading volume of 7,968 shares, compared to its average volume of 72,007. Blackrock Investment Quality Municipal Trust has a 1 year low of $10.22 and a 1 year high of $11.83. The business’s 50 day moving average is $11.20 and its 200 day moving average is $11.07.

Blackrock Investment Quality Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be paid a $0.057 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, February 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BKN. Atlantic Union Bankshares Corp bought a new stake in shares of Blackrock Investment Quality Municipal Trust in the 2nd quarter worth about $80,000. Nomura Holdings Inc. acquired a new stake in Blackrock Investment Quality Municipal Trust during the second quarter valued at approximately $109,000. Ashton Thomas Private Wealth LLC bought a new position in Blackrock Investment Quality Municipal Trust during the 3rd quarter worth approximately $153,000. Fortitude Advisory Group L.L.C. grew its position in shares of Blackrock Investment Quality Municipal Trust by 5.5% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 18,359 shares of the company’s stock worth $208,000 after acquiring an additional 952 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Blackrock Investment Quality Municipal Trust by 61.7% in the 3rd quarter. Creative Planning now owns 20,699 shares of the company’s stock valued at $235,000 after acquiring an additional 7,900 shares during the last quarter. 26.67% of the stock is currently owned by institutional investors.

About Blackrock Investment Quality Municipal Trust

BlackRock Investment Quality Municipal Trust, Inc (NYSE: BKN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The trust primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. By focusing on high-quality credits, the fund aims to balance income generation with a conservative risk profile suitable for income-oriented investors.

The portfolio strategy emphasizes fundamental credit research and sector diversification across the U.S.