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

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moloney Securities Asset Management LLC boosted its stake in BlackRock Investment Quality Municipal Trust by 8.6% in the second quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock valued at $151,000 after acquiring an additional 1,000 shares during the period. Koss Olinger Consulting LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the second quarter worth approximately $180,000. Simplicity Wealth LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the second quarter worth approximately $185,000. NINE MASTS CAPITAL Ltd boosted its position in shares of BlackRock Investment Quality Municipal Trust by 7.5% during the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock worth $256,000 after buying an additional 1,497 shares during the period. Finally, Primoris Wealth Advisors LLC boosted its position in shares of BlackRock Investment Quality Municipal Trust by 15.6% during the first quarter. Primoris Wealth Advisors LLC now owns 44,500 shares of the company’s stock worth $552,000 after buying an additional 6,000 shares during the period. 26.67% of the stock is currently owned by institutional investors and hedge funds.

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.