Short Interest in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Increases By 13.7%

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 35,800 shares, a growth of 13.7% from the August 31st total of 31,500 shares. Based on an average daily trading volume, of 50,100 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of BlackRock Investment Quality Municipal Trust

Hedge funds have recently made changes to their positions in the stock. Moloney Securities Asset Management LLC grew its position in BlackRock Investment Quality Municipal Trust by 8.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock worth $151,000 after purchasing an additional 1,000 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter worth approximately $180,000. Simplicity Wealth LLC bought a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter worth approximately $185,000. NINE MASTS CAPITAL Ltd raised its stake in BlackRock Investment Quality Municipal Trust by 7.5% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock valued at $256,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Primoris Wealth Advisors LLC raised its stake in BlackRock Investment Quality Municipal Trust by 15.6% during the 1st quarter. Primoris Wealth Advisors LLC now owns 44,500 shares of the company’s stock valued at $552,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Trading Up 1.7 %

BKN opened at $12.92 on Tuesday. The company’s 50-day moving average price is $12.45 and its 200 day moving average price is $12.20. BlackRock Investment Quality Municipal Trust has a fifty-two week low of $9.57 and a fifty-two week high of $13.08.

BlackRock Investment Quality Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.