Blackrock Investment Quality Municipal Trust (NYSE:BKN) Short Interest Down 21.0% in January

Blackrock Investment Quality Municipal Trust (NYSE:BKN) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 8,525 shares, a decrease of 21.0% from the January 15th total of 10,795 shares. Based on an average daily trading volume, of 44,956 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 44,956 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new stake in Blackrock Investment Quality Municipal Trust in the second quarter valued at $80,000. Wolverine Asset Management LLC lifted its holdings in shares of Blackrock Investment Quality Municipal Trust by 64.9% during the second quarter. Wolverine Asset Management LLC now owns 100,791 shares of the company’s stock valued at $1,101,000 after acquiring an additional 39,684 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Blackrock Investment Quality Municipal Trust by 53.0% in the 2nd quarter. Koshinski Asset Management Inc. now owns 64,936 shares of the company’s stock valued at $709,000 after purchasing an additional 22,508 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Blackrock Investment Quality Municipal Trust by 85.3% in the 2nd quarter. Cetera Investment Advisers now owns 146,575 shares of the company’s stock worth $1,601,000 after purchasing an additional 67,470 shares during the last quarter. Finally, River Street Advisors LLC acquired a new stake in shares of Blackrock Investment Quality Municipal Trust during the 4th quarter worth about $121,000. Institutional investors own 26.67% of the company’s stock.

Blackrock Investment Quality Municipal Trust Stock Performance

Shares of BKN traded up $0.05 on Friday, reaching $11.52. 20,831 shares of the stock traded hands, compared to its average volume of 49,217. Blackrock Investment Quality Municipal Trust has a 12 month low of $10.22 and a 12 month high of $11.81. The stock’s 50-day moving average price is $11.30 and its 200-day moving average price is $11.17.

Blackrock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a dividend of $0.057 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, February 6th.

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.