BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) saw a significant increase in short interest in 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 short-interest ratio is presently 0.7 days.
BlackRock Investment Quality Municipal Trust Stock Performance
Shares of BKN stock opened at $12.70 on Friday. The business has a 50 day moving average of $12.43 and a two-hundred day moving average of $12.19. BlackRock Investment Quality Municipal Trust has a 52 week low of $9.57 and a 52 week high of $13.08.
BlackRock Investment Quality Municipal Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.057 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.68 dividend on an annualized basis and a yield of 5.39%.
Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust
BlackRock Investment Quality Municipal Trust Company Profile
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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