Blackrock Investment Quality Municipal Trust (NYSE:BKN) Short Interest Up 462.2% in January

Blackrock Investment Quality Municipal Trust (NYSE:BKN) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,795 shares, an increase of 462.2% from the December 31st total of 1,920 shares. Based on an average trading volume of 25,867 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 25,867 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Blackrock Investment Quality Municipal Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Blackrock Investment Quality Municipal Trust during the 2nd quarter valued at about $80,000. Nomura Holdings Inc. purchased a new position in Blackrock Investment Quality Municipal Trust during the second quarter worth approximately $109,000. River Street Advisors LLC acquired a new stake in Blackrock Investment Quality Municipal Trust in the fourth quarter valued at approximately $121,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Blackrock Investment Quality Municipal Trust in the third quarter valued at approximately $153,000. Finally, Fortitude Advisory Group L.L.C. raised its stake in shares of Blackrock Investment Quality Municipal Trust by 5.5% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 18,359 shares of the company’s stock worth $208,000 after buying an additional 952 shares during the period. Institutional investors own 26.67% of the company’s stock.

Blackrock Investment Quality Municipal Trust Price Performance

Blackrock Investment Quality Municipal Trust stock opened at $11.30 on Wednesday. Blackrock Investment Quality Municipal Trust has a 1-year low of $10.22 and a 1-year high of $11.83. The company’s 50-day moving average is $11.21 and its 200 day moving average is $11.10.

Blackrock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a dividend of $0.057 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, February 6th.

About Blackrock Investment Quality Municipal Trust

BlackRock Investment Quality Municipal Trust, Inc (NYSE: BKN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The trust primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. By focusing on high-quality credits, the fund aims to balance income generation with a conservative risk profile suitable for income-oriented investors.

The portfolio strategy emphasizes fundamental credit research and sector diversification across the U.S.