BlackRock Investment Quality Municipal Trust (BKN) Short Interest Ratio & Short Volume

Short interest is the volume of BlackRock Investment Quality Municipal Trust shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 131,500 shares of BKN short. Learn More on BlackRock Investment Quality Municipal Trust's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BKN shares currently have a short interest ratio of 3.0. Learn More on BlackRock Investment Quality Municipal Trust's short interest ratio.

BlackRock Investment Quality Municipal Trust saw a increase in short interest in March. As of March 31st, there was short interest totaling 131,500 shares, an increase of 40.0% from the previous total of 93,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to BlackRock Investment Quality Municipal Trust: TCW Strategic Income Fund, Inc. (0.05%), Invesco Trust for Investment Grade New York Municipals (0.37%), BlackRock MuniVest Fund II, Inc. (1.15%), BlackRock MuniYield Quality Fund II, Inc. (0.25%), Templeton Dragon Fund, Inc. (0.01%), Nuveen Virginia Quality Municipal Income Fund (0.13%), Sprott Focus Trust, Inc. (0.00%), Oxford Square Capital Corp. (0.21%), Templeton Emerging Markets Fund (0.03%), Invesco Bond Fund (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling BKN is an investing strategy that aims to generate trading profit from BlackRock Investment Quality Municipal Trust as its price is falling. BKN shares are trading down $0.03 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for BlackRock Investment Quality Municipal Trust occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of BKN, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BKN, twice per month. The most recent reporting period available is March, 31 2024.