BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Up 24.1% in December

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 9,800 shares, a growth of 24.1% from the November 30th total of 7,900 shares. Based on an average daily trading volume, of 57,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of BlackRock Investment Quality Municipal Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKN. Virtu Financial LLC acquired a new position in BlackRock Investment Quality Municipal Trust during the third quarter worth $147,000. Primoris Wealth Advisors LLC lifted its position in BlackRock Investment Quality Municipal Trust by 78.9% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock valued at $1,260,000 after acquiring an additional 43,000 shares in the last quarter. Van ECK Associates Corp boosted its stake in BlackRock Investment Quality Municipal Trust by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock valued at $1,260,000 after purchasing an additional 9,221 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in BlackRock Investment Quality Municipal Trust by 63.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock valued at $377,000 after purchasing an additional 11,305 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its holdings in BlackRock Investment Quality Municipal Trust by 7.5% during the 2nd 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 institutional investors.

BlackRock Investment Quality Municipal Trust Stock Performance

BKN traded up $0.08 during trading on Tuesday, reaching $11.17. 66,182 shares of the stock traded hands, compared to its average volume of 51,478. The stock’s 50-day moving average is $12.03 and its 200 day moving average is $12.26. BlackRock Investment Quality Municipal Trust has a 12 month low of $11.01 and a 12 month high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.12%. The ex-dividend date is Monday, December 16th.

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.