BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Up 389.8% in January

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 6,362 shares, an increase of 389.8% from the December 31st total of 1,299 shares. Based on an average daily volume of 34,770 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 34,770 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its holdings in BlackRock Long-Term Municipal Advantage Trust by 243.2% in the second quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 100,064 shares during the period. River Street Advisors LLC purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the 2nd quarter worth $173,000. Arlington Capital Management Inc. acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at $173,000. Allworth Financial LP purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at about $165,000. Finally, Susquehanna International Group LLP acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the third quarter worth about $124,000.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.4%

BlackRock Long-Term Municipal Advantage Trust stock opened at $9.47 on Wednesday. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.73 and a 12-month high of $10.15. The firm’s 50-day moving average is $9.44 and its two-hundred day moving average is $9.34.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a dividend of $0.0495 per share. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.3%.

About BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.