BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 45,500 shares, an increase of 132.1% from the September 30th total of 19,600 shares. Based on an average trading volume of 51,700 shares, the days-to-cover ratio is presently 0.9 days.
BlackRock Investment Quality Municipal Trust Price Performance
NYSE BKN opened at $12.59 on Friday. The firm has a 50-day moving average price of $12.71 and a two-hundred day moving average price of $12.27. BlackRock Investment Quality Municipal Trust has a 12-month low of $9.62 and a 12-month high of $13.16.
BlackRock Investment Quality Municipal Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Tuesday, October 15th.
Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust
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.
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