BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 28,400 shares, a growth of 11.8% from the July 15th total of 25,400 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is currently 1.1 days.
BlackRock Long-Term Municipal Advantage Trust Stock Up 0.2 %
Shares of BTA opened at $10.55 on Monday. The company’s 50 day moving average price is $10.25 and its 200 day moving average price is $10.14. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.59 and a 52 week high of $10.97.
BlackRock Long-Term Municipal Advantage Trust Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, August 15th.
Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust Company Profile
BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment.
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