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

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

Institutional Trading of BlackRock Investment Quality Municipal Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Robinson Capital Management LLC increased its position in shares of BlackRock Investment Quality Municipal Trust by 3.9% during the first quarter. Robinson Capital Management LLC now owns 262,334 shares of the company’s stock worth $3,156,000 after acquiring an additional 9,824 shares during the last quarter. Bank of New York Mellon Corp grew its stake in BlackRock Investment Quality Municipal Trust by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company’s stock worth $784,000 after purchasing an additional 1,411 shares in the last quarter. Cetera Advisors LLC grew its stake in BlackRock Investment Quality Municipal Trust by 4.9% in the first quarter. Cetera Advisors LLC now owns 54,551 shares of the company’s stock worth $677,000 after purchasing an additional 2,562 shares in the last quarter. Primoris Wealth Advisors LLC grew its stake in BlackRock Investment Quality Municipal Trust by 22.5% in the second quarter. Primoris Wealth Advisors LLC now owns 54,500 shares of the company’s stock worth $652,000 after purchasing an additional 10,000 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd grew its stake in BlackRock Investment Quality Municipal Trust by 7.5% in the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock worth $256,000 after purchasing an additional 1,497 shares in the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Stock Down 0.8 %

Shares of NYSE BKN opened at $12.70 on Friday. BlackRock Investment Quality Municipal Trust has a 1 year low of $9.57 and a 1 year high of $13.08. The stock’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $12.19.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently announced 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 5.39%. 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.