BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 18,900 shares, a drop of 62.2% from the May 31st total of 50,000 shares. Based on an average daily trading volume, of 35,700 shares, the days-to-cover ratio is presently 0.5 days.
BlackRock Investment Quality Municipal Trust Stock Performance
NYSE:BKN traded down $0.01 during trading hours on Friday, hitting $11.97. The company’s stock had a trading volume of 45,492 shares, compared to its average volume of 43,145. The stock has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $11.99. BlackRock Investment Quality Municipal Trust has a twelve month low of $9.57 and a twelve month high of $12.69.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Friday, June 14th.
Institutional Trading of 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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