BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Down 75.9% in December

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,299 shares, a decrease of 75.9% from the December 15th total of 5,385 shares. Based on an average trading volume of 70,738 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 70,738 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

Hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 243.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 100,064 shares in the last quarter. River Street Advisors LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the second 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 about $173,000. Allworth Financial LP bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth about $165,000. Finally, Susquehanna International Group LLP bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the third quarter worth about $124,000.

BlackRock Long-Term Municipal Advantage Trust Price Performance

BlackRock Long-Term Municipal Advantage Trust stock traded up $0.04 during midday trading on Thursday, hitting $9.64. The company’s stock had a trading volume of 26,070 shares, compared to its average volume of 34,717. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $8.73 and a 1-year high of $10.15. The company has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $9.32.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be paid a $0.0495 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, February 6th.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.