BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Up 114.3% in January

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKNGet Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,500 shares, an increase of 114.3% from the December 31st total of 700 shares. Based on an average daily trading volume, of 75,900 shares, the short-interest ratio is presently 0.0 days.

BlackRock Investment Quality Municipal Trust Price Performance

NYSE:BKN traded up $0.01 during trading hours on Friday, hitting $11.48. 57,289 shares of the company traded hands, compared to its average volume of 67,882. BlackRock Investment Quality Municipal Trust has a twelve month low of $11.01 and a twelve month high of $13.16. The firm has a 50-day moving average of $11.56 and a 200 day moving average of $12.15.

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 given a dividend of $0.057 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.68 dividend on an annualized basis and a yield of 5.96%.

Institutional Trading of BlackRock Investment Quality Municipal Trust

Several large investors have recently made changes to their positions in BKN. Van ECK Associates Corp raised its position in shares of BlackRock Investment Quality Municipal Trust by 7.9% during the fourth quarter. Van ECK Associates Corp now owns 106,618 shares of the company’s stock worth $1,189,000 after acquiring an additional 7,764 shares during the last quarter. Koshinski Asset Management Inc. raised 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 worth $424,000 after buying an additional 8,859 shares during the last quarter. Virtu Financial LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the third quarter valued at approximately $147,000. Finally, Primoris Wealth Advisors LLC grew its holdings in 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 purchasing an additional 43,000 shares during the period. Institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Company Profile

(Get Free Report)

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.

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