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

by · The Markets Daily

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) saw 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 currently 0.0 days. Based on an average trading volume of 70,738 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

A number of large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC increased its stake 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 BlackRock Long-Term Municipal Advantage Trust during the second quarter worth about $173,000. Arlington Capital Management Inc. purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth approximately $173,000. Allworth Financial LP acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth $165,000. Finally, Susquehanna International Group LLP purchased a new position in BlackRock Long-Term Municipal Advantage Trust in the third quarter valued at about $124,000.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.3%

Shares of BTA traded up $0.03 during midday trading on Tuesday, reaching $9.57. 19,347 shares of the stock were exchanged, compared to its average volume of 38,697. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $8.73 and a twelve month high of $10.15. The business’s 50-day moving average price is $9.43 and its 200 day moving average price is $9.32.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company 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 $0.0495 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock Long-Term Municipal Advantage Trust Company Profile

(Get Free Report)

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.

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