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

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 39,391 shares, a growth of 1,075.9% from the September 30th total of 3,350 shares. Based on an average trading volume of 64,423 shares, the short-interest ratio is currently 0.6 days.

Thornburg Income Builder Opportunities Trust Price Performance

TBLD traded up $0.09 during trading on Tuesday, reaching $20.41. The stock had a trading volume of 8,426 shares, compared to its average volume of 60,243. The stock’s 50 day moving average is $21.07 and its two-hundred day moving average is $21.58. Thornburg Income Builder Opportunities Trust has a one year low of $19.48 and a one year high of $23.02.

Thornburg Income Builder Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th were given a $0.1042 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.1%.

Insider Activity at Thornburg Income Builder Opportunities Trust

In other news, insider Anne W. Kritzmire bought 3,440 shares of the stock in a transaction dated Wednesday, August 5th. The stock was bought 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TBLD. Wedbush Securities Inc. boosted its position in shares of Thornburg Income Builder Opportunities Trust by 4.7% in the 3rd quarter. Wedbush Securities Inc. now owns 44,534 shares of the company’s stock worth $905,000 after purchasing an additional 1,995 shares in the last quarter. PMG Family Office LLC increased its position in Thornburg Income Builder Opportunities Trust by 1.0% during the 3rd quarter. PMG Family Office LLC now owns 48,593 shares of the company’s stock valued at $987,000 after buying an additional 498 shares in the last quarter. Shaker Financial Services LLC purchased a new position in Thornburg Income Builder Opportunities Trust during the third quarter valued at $4,335,000. DKM Wealth Management Inc. raised its stake in Thornburg Income Builder Opportunities Trust by 1.6% during the third quarter. DKM Wealth Management Inc. now owns 973,499 shares of the company’s stock valued at $19,782,000 after buying an additional 15,726 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Thornburg Income Builder Opportunities Trust by 8.2% in the second quarter. NewEdge Advisors LLC now owns 16,513 shares of the company’s stock worth $364,000 after acquiring an additional 1,250 shares in the last quarter.

About Thornburg Income Builder Opportunities Trust

Thornburg Income Builder Opportunities Trust is a closed-end investment company listed on the Nasdaq under the symbol TBLD. The trust is advised by Thornburg Investment Management, an asset manager known for managing equity and fixed-income portfolios.

The trust seeks to provide investors with current income and long-term capital appreciation. It pursues this objective through a flexible, diversified portfolio that may include dividend-paying common stocks, preferred securities, convertible securities, corporate bonds, government and agency securities, and other income-producing investments.

TBLD can invest in both U.S.