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

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

Hedge Funds Weigh In On Blackrock Investment Quality Municipal Trust

Hedge funds have recently modified their holdings of the company. Karpus Management Inc. grew its holdings in shares of Blackrock Investment Quality Municipal Trust by 369.2% in the second quarter. Karpus Management Inc. now owns 123,531 shares of the company’s stock valued at $1,349,000 after acquiring an additional 97,204 shares in the last quarter. Yakira Capital Management Inc. purchased a new position in Blackrock Investment Quality Municipal Trust in the third quarter worth $780,000. Cetera Investment Advisers boosted its position in Blackrock Investment Quality Municipal Trust by 85.3% in the second quarter. Cetera Investment Advisers now owns 146,575 shares of the company’s stock worth $1,601,000 after purchasing an additional 67,470 shares during the last quarter. Wolverine Asset Management LLC grew its stake in Blackrock Investment Quality Municipal Trust by 64.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 100,791 shares of the company’s stock valued at $1,101,000 after purchasing an additional 39,684 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Blackrock Investment Quality Municipal Trust by 10.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 329,445 shares of the company’s stock valued at $3,736,000 after purchasing an additional 31,992 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

Blackrock Investment Quality Municipal Trust Stock Up 0.5%

BKN opened at $11.09 on Friday. Blackrock Investment Quality Municipal Trust has a 1 year low of $10.22 and a 1 year high of $11.83. The firm’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.04.

Blackrock Investment Quality Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.057 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a yield of 6.2%.

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.