BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 15,400 shares, a drop of 41.7% from the February 13th total of 26,400 shares. Based on an average daily trading volume, of 73,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
BlackRock Investment Quality Municipal Trust Stock Down 0.6 %
BKN stock opened at $11.28 on Monday. BlackRock Investment Quality Municipal Trust has a 12 month low of $11.01 and a 12 month high of $13.16. The firm’s 50-day moving average is $11.50 and its 200 day moving average is $12.02.
BlackRock Investment Quality Municipal Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend is Friday, March 14th.
Institutional Inflows and Outflows
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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