Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Sees Large Decline in Short Interest

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,121 shares, a decline of 65.9% from the August 31st total of 17,948 shares. Based on an average daily volume of 81,845 shares, the short-interest ratio is presently 0.1 days.

Thornburg Income Builder Opportunities Trust Stock Up 0.7%

Shares of TBLD stock traded up $0.14 during trading hours on Friday, reaching $20.48. 50,836 shares of the company’s stock were exchanged, compared to its average volume of 60,767. Thornburg Income Builder Opportunities Trust has a fifty-two week low of $19.48 and a fifty-two week high of $23.02. The business has a fifty day moving average price of $21.81 and a 200-day moving average price of $21.82.

Thornburg Income Builder Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 11th were issued a $0.1042 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.25 dividend on an annualized basis and a yield of 6.1%.

Insiders Place Their Bets

In other Thornburg Income Builder Opportunities Trust news, insider Anne W. Kritzmire bought 3,440 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of $22.20 per share, for a total transaction of $76,368.00. Following the purchase, the insider directly owned 4,840 shares in the company, valued at $107,448. This trade represents a 245.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Thornburg Income Builder Opportunities Trust

Several hedge funds and other institutional investors have recently bought and sold shares of TBLD. NewEdge Advisors LLC raised its position in shares of Thornburg Income Builder Opportunities Trust by 8.2% during the second quarter. NewEdge Advisors LLC now owns 16,513 shares of the company’s stock valued at $364,000 after buying an additional 1,250 shares during the last quarter. Wedbush Securities Inc. grew its position in Thornburg Income Builder Opportunities Trust by 6.1% during the second quarter. Wedbush Securities Inc. now owns 42,539 shares of the company’s stock worth $939,000 after buying an additional 2,452 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Thornburg Income Builder Opportunities Trust during the second quarter valued at about $254,000. Sanctuary Advisors LLC bought a new position in Thornburg Income Builder Opportunities Trust during the second quarter valued at about $3,078,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Thornburg Income Builder Opportunities Trust in the 2nd quarter valued at approximately $59,000.

About Thornburg Income Builder Opportunities Trust

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.