BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Up 11.8% in July

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) 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

Hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at $33,000. Wolverine Asset Management LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 33.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 3,542 shares during the last quarter. Raymond James & Associates increased its position in BlackRock Long-Term Municipal Advantage Trust by 19.5% in the 4th quarter. Raymond James & Associates now owns 14,973 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,441 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the 1st quarter worth about $180,000. Finally, HBK Sorce Advisory LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 11.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 24,395 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 2,445 shares during the last quarter.

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.