BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Down 41.7% in February

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 15,400 shares, a drop of 41.7% from the February 13th total of 26,400 shares. Based on an average daily trading volume, of 73,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

BlackRock Investment Quality Municipal Trust Trading Down 0.6 %

Shares of BKN stock opened at $11.28 on Friday. BlackRock Investment Quality Municipal Trust has a fifty-two week low of $11.01 and a fifty-two week high of $13.16. The business’s 50 day moving average price is $11.50 and its 200-day moving average price is $12.02.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.057 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.07%.

Institutional Investors Weigh In On BlackRock Investment Quality Municipal Trust

Several hedge funds have recently made changes to their positions in the company. Primoris Wealth Advisors LLC boosted its position in shares of BlackRock Investment Quality Municipal Trust by 1.5% during the fourth quarter. Primoris Wealth Advisors LLC now owns 99,000 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,500 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of BlackRock Investment Quality Municipal Trust by 17.8% during the fourth quarter. NewEdge Advisors LLC now owns 12,760 shares of the company’s stock valued at $142,000 after purchasing an additional 1,925 shares in the last quarter. NINE MASTS CAPITAL Ltd boosted its position in shares of BlackRock Investment Quality Municipal Trust by 12.8% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company’s stock valued at $269,000 after purchasing an additional 2,728 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of BlackRock Investment Quality Municipal Trust by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 18,791 shares of the company’s stock valued at $210,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at approximately $47,000. 26.67% of the stock is currently owned by institutional investors.

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.