BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Sees Significant Decline in Short Interest

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 16,400 shares, a drop of 14.1% from the March 31st total of 19,100 shares. Based on an average daily volume of 36,500 shares, the short-interest ratio is presently 0.4 days.

BlackRock Long-Term Municipal Advantage Trust Price Performance

BTA opened at $9.20 on Friday. The business has a fifty day moving average price of $9.50 and a 200 day moving average price of $9.92. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $8.76 and a 12 month high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were paid a dividend of $0.0495 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.46%.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $106,000. Natural Investments LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at $156,000. Stratos Investment Management LLC purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth about $163,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth about $176,000. Finally, HBK Sorce Advisory LLC increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 9.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 28,825 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 2,450 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust 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 of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment.