Blackrock Investment Quality Municipal Trust (NYSE:BKN) Short Interest Update

Blackrock Investment Quality Municipal Trust (NYSE:BKN) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 13,678 shares, a decline of 35.5% from the November 30th total of 21,212 shares. Based on an average daily volume of 73,424 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 73,424 shares, the days-to-cover ratio is currently 0.2 days.

Blackrock Investment Quality Municipal Trust Stock Performance

Shares of Blackrock Investment Quality Municipal Trust stock traded up $0.11 during midday trading on Tuesday, hitting $11.19. The company’s stock had a trading volume of 77,337 shares, compared to its average volume of 86,500. Blackrock Investment Quality Municipal Trust has a 1-year low of $10.22 and a 1-year high of $11.83. The stock has a 50-day simple moving average of $11.20 and a 200-day simple moving average of $11.04.

Blackrock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.057 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Trading of Blackrock Investment Quality Municipal Trust

A number of hedge funds have recently made changes to their positions in BKN. Atlantic Union Bankshares Corp purchased a new position in Blackrock Investment Quality Municipal Trust during the second quarter valued at approximately $80,000. Nomura Holdings Inc. purchased a new stake in Blackrock Investment Quality Municipal Trust in the 2nd quarter worth approximately $109,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Blackrock Investment Quality Municipal Trust during the 3rd quarter valued at $153,000. Fortitude Advisory Group L.L.C. grew its holdings 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 valued at $208,000 after acquiring an additional 952 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Blackrock Investment Quality Municipal Trust by 61.7% in the third quarter. Creative Planning now owns 20,699 shares of the company’s stock worth $235,000 after acquiring an additional 7,900 shares during the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

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.