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

Blackrock Investment Quality Municipal Trust (NYSE:BKN) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 19,700 shares, a decrease of 41.0% from the August 15th total of 33,400 shares. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 0.4 days.

Blackrock Investment Quality Municipal Trust Stock Up 0.0%

Shares of BKN opened at $11.39 on Monday. Blackrock Investment Quality Municipal Trust has a 12-month low of $10.22 and a 12-month high of $13.16. The business has a 50-day simple moving average of $10.78 and a two-hundred day simple moving average of $10.92.

Blackrock Investment Quality Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.057 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Investors Weigh In On Blackrock Investment Quality Municipal Trust

Several institutional investors and hedge funds have recently made changes to their positions in BKN. Elequin Capital LP acquired a new stake in shares of Blackrock Investment Quality Municipal Trust in the fourth quarter valued at about $47,000. Atlantic Union Bankshares Corp bought a new stake in shares of Blackrock Investment Quality Municipal Trust during the 2nd quarter valued at about $80,000. Nomura Holdings Inc. bought a new stake in shares of Blackrock Investment Quality Municipal Trust during the 2nd quarter valued at about $109,000. Nuveen Asset Management LLC bought a new stake in shares of Blackrock Investment Quality Municipal Trust during the 4th quarter valued at about $126,000. Finally, Northern Trust Corp bought a new stake in shares of Blackrock Investment Quality Municipal Trust during the 4th quarter valued at about $143,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

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.