Blackrock Investment Quality Municipal Trust (NYSE:BKN) Sees Significant Decline in Short Interest

Blackrock Investment Quality Municipal Trust (NYSE:BKN) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,920 shares, a drop of 86.0% from the December 15th total of 13,678 shares. Based on an average trading volume of 104,844 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 104,844 shares, the days-to-cover ratio is currently 0.0 days.

Blackrock Investment Quality Municipal Trust Trading Up 0.3%

Shares of NYSE:BKN traded up $0.03 during trading on Tuesday, reaching $11.36. The company had a trading volume of 16,706 shares, compared to its average volume of 27,751. The stock’s fifty day moving average price is $11.20 and its 200 day moving average price is $11.07. Blackrock Investment Quality Municipal Trust has a fifty-two week low of $10.22 and a fifty-two week high of $11.83.

Blackrock Investment Quality Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be paid a $0.057 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, February 6th.

Institutional Trading of Blackrock Investment Quality Municipal Trust

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Blackrock Investment Quality Municipal Trust by 39.8% in the first quarter. Royal Bank of Canada now owns 23,902 shares of the company’s stock valued at $275,000 after acquiring an additional 6,800 shares in the last quarter. Ackerman Capital Advisors LLC increased its position in Blackrock Investment Quality Municipal Trust by 47.5% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 45,125 shares of the company’s stock worth $493,000 after purchasing an additional 14,522 shares during the period. Koshinski Asset Management Inc. increased its position in Blackrock Investment Quality Municipal Trust by 53.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 64,936 shares of the company’s stock worth $709,000 after purchasing an additional 22,508 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Blackrock Investment Quality Municipal Trust by 64.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 100,791 shares of the company’s stock worth $1,101,000 after buying an additional 39,684 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Blackrock Investment Quality Municipal Trust during the 2nd quarter worth approximately $80,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

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.