Blackrock Investment Quality Municipal Trust (NYSE:BKN) Short Interest Up 462.2% in January

Blackrock Investment Quality Municipal Trust (NYSE:BKN) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 10,795 shares, an increase of 462.2% from the December 31st total of 1,920 shares. Based on an average daily trading volume, of 25,867 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 25,867 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Blackrock Investment Quality Municipal Trust

Hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. grew its stake in Blackrock Investment Quality Municipal Trust by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 75,570 shares of the company’s stock valued at $846,000 after acquiring an additional 928 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its position in Blackrock Investment Quality Municipal Trust by 5.5% during the third quarter. Fortitude Advisory Group L.L.C. now owns 18,359 shares of the company’s stock worth $208,000 after buying an additional 952 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Blackrock Investment Quality Municipal Trust by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 67,358 shares of the company’s stock valued at $736,000 after acquiring an additional 977 shares in the last quarter. Ackerman Capital Advisors LLC grew its holdings in shares of Blackrock Investment Quality Municipal Trust by 2.6% during the third quarter. Ackerman Capital Advisors LLC now owns 46,300 shares of the company’s stock worth $525,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Arlington Capital Management Inc. increased its position in shares of Blackrock Investment Quality Municipal Trust by 6.7% in the fourth quarter. Arlington Capital Management Inc. now owns 23,344 shares of the company’s stock worth $261,000 after purchasing an additional 1,469 shares during the last quarter. 26.67% of the stock is currently owned by institutional investors.

Blackrock Investment Quality Municipal Trust Stock Performance

BKN opened at $11.30 on Wednesday. Blackrock Investment Quality Municipal Trust has a 1-year low of $10.22 and a 1-year high of $11.83. The company’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.10.

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 paid a $0.057 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, February 6th.

Blackrock Investment Quality Municipal Trust Company Profile

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.