BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Short Interest Update

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 20,500 shares, a growth of 41.4% from the May 15th total of 14,500 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 62,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock Investment Quality Municipal Trust

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in BlackRock Investment Quality Municipal Trust by 39.8% in the first quarter. Royal Bank of Canada now owns 23,902 shares of the company's stock worth $275,000 after acquiring an additional 6,800 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of BlackRock Investment Quality Municipal Trust by 134.9% in the first quarter. Landscape Capital Management L.L.C. now owns 30,232 shares of the company's stock worth $347,000 after purchasing an additional 17,361 shares during the last quarter. Sit Investment Associates Inc. purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the 1st quarter worth approximately $330,000. Wolverine Asset Management LLC raised its stake in BlackRock Investment Quality Municipal Trust by 67.9% during the first quarter. Wolverine Asset Management LLC now owns 61,107 shares of the company's stock valued at $702,000 after purchasing an additional 24,716 shares in the last quarter. Finally, Ackerman Capital Advisors LLC lifted its holdings in shares of BlackRock Investment Quality Municipal Trust by 8.7% in the 1st quarter. Ackerman Capital Advisors LLC now owns 30,603 shares of the company's stock valued at $352,000 after acquiring an additional 2,451 shares during the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Stock Down 0.0%

Shares of BlackRock Investment Quality Municipal Trust stock traded down $0.01 during trading on Monday, hitting $10.73. The company's stock had a trading volume of 29,020 shares, compared to its average volume of 58,508. BlackRock Investment Quality Municipal Trust has a 52 week low of $10.22 and a 52 week high of $13.16. The company has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $11.26.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.057 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.68 annualized dividend and a yield of 6.38%.

About BlackRock Investment Quality Municipal Trust

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.

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