Short Interest in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Declines By 45.7%

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 14,500 shares, a decrease of 45.7% from the April 30th total of 26,700 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's stock are short sold.

Institutional Trading of BlackRock Investment Quality Municipal Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Primoris Wealth Advisors LLC raised its stake in BlackRock Investment Quality Municipal Trust by 1.5% during the fourth quarter. Primoris Wealth Advisors LLC now owns 99,000 shares of the company's stock valued at $1,104,000 after buying an additional 1,500 shares in the last quarter. NewEdge Advisors LLC raised its stake in BlackRock Investment Quality Municipal Trust by 17.8% during the fourth quarter. NewEdge Advisors LLC now owns 12,760 shares of the company's stock valued at $142,000 after buying an additional 1,925 shares in the last quarter. Ackerman Capital Advisors LLC raised its stake in BlackRock Investment Quality Municipal Trust by 8.7% during the first quarter. Ackerman Capital Advisors LLC now owns 30,603 shares of the company's stock valued at $352,000 after buying an additional 2,451 shares in the last quarter. NINE MASTS CAPITAL Ltd raised its stake in BlackRock Investment Quality Municipal Trust by 12.8% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company's stock valued at $269,000 after buying an additional 2,728 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in BlackRock Investment Quality Municipal Trust by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 18,791 shares of the company's stock valued at $210,000 after buying an additional 2,750 shares in the last quarter. Institutional investors and hedge funds own 26.67% of the company's stock.

BlackRock Investment Quality Municipal Trust Trading Up 0.4%

BKN traded up $0.04 on Friday, reaching $10.81. The company's stock had a trading volume of 41,787 shares, compared to its average volume of 57,986. BlackRock Investment Quality Municipal Trust has a 1 year low of $10.22 and a 1 year high of $13.16. The business's 50 day moving average is $10.90 and its 200 day moving average is $11.35.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock Investment Quality Municipal Trust Company Profile

BlackRock Investment Quality Municipal Trust Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.