Short Interest in Blackrock Investment Quality Municipal Trust (NYSE:BKN) Rises By 462.2%

Blackrock Investment Quality Municipal Trust (NYSE:BKN) saw a significant increase in short interest in 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 currently 0.4 days. Based on an average trading volume of 25,867 shares, the days-to-cover ratio is currently 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 business. Ashton Thomas Private Wealth LLC grew its position in shares of Blackrock Investment Quality Municipal Trust by 13.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 15,300 shares of the company’s stock valued at $171,000 after buying an additional 1,800 shares during the last quarter. River Street Advisors LLC bought a new position in shares of Blackrock Investment Quality Municipal Trust in the fourth quarter valued at $121,000. Stratos Wealth Partners LTD. lifted its position in Blackrock Investment Quality Municipal Trust by 1.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 75,570 shares of the company’s stock valued at $846,000 after acquiring an additional 928 shares in the last quarter. Arlington Capital Management Inc. lifted its holdings in shares of Blackrock Investment Quality Municipal Trust by 6.7% in the fourth quarter. Arlington Capital Management Inc. now owns 23,344 shares of the company’s stock valued at $261,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Blackrock Investment Quality Municipal Trust by 11.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 27,011 shares of the company’s stock worth $306,000 after acquiring an additional 2,785 shares during the last quarter. 26.67% of the stock is owned by institutional investors.

Blackrock Investment Quality Municipal Trust Price Performance

Blackrock Investment Quality Municipal Trust stock traded down $0.02 during mid-day trading on Thursday, reaching $11.36. 41,531 shares of the company were exchanged, compared to its average volume of 31,744. The company has a fifty day simple moving average of $11.22 and a 200-day simple moving average of $11.10. Blackrock Investment Quality Municipal Trust has a 12 month low of $10.22 and a 12 month high of $11.83.

Blackrock Investment Quality Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a dividend of $0.057 per share. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Blackrock Investment Quality Municipal Trust Company Profile

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.