Short Interest in Blackrock Investment Quality Municipal Trust (NYSE:BKN) Decreases By 21.0%

Blackrock Investment Quality Municipal Trust (NYSE:BKN) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 8,525 shares, a decline of 21.0% from the January 15th total of 10,795 shares. Based on an average daily volume of 44,956 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 44,956 shares, the days-to-cover ratio is currently 0.2 days.

Blackrock Investment Quality Municipal Trust Trading Up 0.5%

Shares of NYSE:BKN traded up $0.05 during trading on Friday, reaching $11.52. The stock had a trading volume of 20,831 shares, compared to its average volume of 49,217. The stock has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $11.17. Blackrock Investment Quality Municipal Trust has a 52 week low of $10.22 and a 52 week high of $11.81.

Blackrock Investment Quality Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be given a dividend of $0.057 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Hedge Funds Weigh In On Blackrock Investment Quality Municipal Trust

A number of institutional investors have recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in shares of Blackrock Investment Quality Municipal Trust during the 4th quarter worth about $27,000. Atlantic Union Bankshares Corp bought a new position in Blackrock Investment Quality Municipal Trust in the 2nd quarter worth approximately $80,000. Nomura Holdings Inc. acquired a new position in shares of Blackrock Investment Quality Municipal Trust during the second quarter worth approximately $109,000. River Street Advisors LLC bought a new position in Blackrock Investment Quality Municipal Trust during the fourth quarter worth $121,000. Finally, Indivisible Partners acquired a new position in Blackrock Investment Quality Municipal Trust during the 4th quarter valued at $141,000. 26.67% of the stock is currently owned by 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.