Short Interest in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Grows By 29.1%

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 19,100 shares, an increase of 29.1% from the March 15th total of 14,800 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth $106,000. Natural Investments LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter worth about $156,000. Stratos Investment Management LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at approximately $163,000. Nomura Holdings Inc. bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the fourth quarter valued at approximately $176,000. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 9.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 28,825 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 2,450 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Down 1.2 %

Shares of BTA opened at $8.90 on Monday. The business’s 50 day moving average is $9.67 and its two-hundred day moving average is $10.02. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $8.76 and a 52-week high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Tuesday, April 15th.

About BlackRock Long-Term Municipal Advantage Trust

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.