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

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

Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust

A number of hedge funds have recently bought and sold shares of BKN. Virtu Financial LLC bought a new stake in BlackRock Investment Quality Municipal Trust during the third quarter worth about $147,000. Moloney Securities Asset Management LLC boosted its position in shares of BlackRock Investment Quality Municipal Trust by 8.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock worth $151,000 after acquiring an additional 1,000 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in BlackRock Investment Quality Municipal Trust in the second quarter valued at approximately $180,000. NINE MASTS CAPITAL Ltd raised its position in 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 valued at $256,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in BlackRock Investment Quality Municipal Trust by 63.3% during the third quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock worth $377,000 after purchasing an additional 11,305 shares during the last quarter. 26.67% of the stock is owned by institutional investors.

BlackRock Investment Quality Municipal Trust Stock Performance

BKN traded up $0.04 during trading on Tuesday, hitting $11.13. The stock had a trading volume of 93,678 shares, compared to its average volume of 51,549. The company has a 50 day moving average price of $12.03 and a 200-day moving average price of $12.26. BlackRock Investment Quality Municipal Trust has a one year low of $11.01 and a one year high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.057 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.68 annualized dividend and a dividend yield of 6.15%.

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.