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

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the target of a significant 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 daily volume of 64,423 shares, the days-to-cover ratio is presently 0.6 days.

Insiders Place Their Bets

In related news, insider Anne W. Kritzmire bought 3,440 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of $22.20 per share, for a total transaction of $76,368.00. Following the transaction, the insider directly owned 4,840 shares of the company’s stock, valued at approximately $107,448. This represents a 245.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Thornburg Income Builder Opportunities Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in TBLD. Northwestern Mutual Wealth Management Co. bought a new position in shares of Thornburg Income Builder Opportunities Trust in the second quarter valued at $59,000. Cetera Investment Advisers acquired a new stake in shares of Thornburg Income Builder Opportunities Trust during the 1st quarter valued at $215,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Thornburg Income Builder Opportunities Trust during the 2nd quarter valued at $254,000. LaSalle St. Investment Advisors LLC bought a new stake in shares of Thornburg Income Builder Opportunities Trust during the 2nd quarter worth $269,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Thornburg Income Builder Opportunities Trust by 8.2% during the 2nd 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.

Thornburg Income Builder Opportunities Trust Stock Up 0.1%

Shares of TBLD traded up $0.03 during midday trading on Monday, reaching $20.32. The stock had a trading volume of 22,075 shares, compared to its average volume of 60,507. Thornburg Income Builder Opportunities Trust has a 52 week low of $19.48 and a 52 week high of $23.02. The firm’s 50 day moving average price is $21.07 and its 200-day moving average price is $21.58.

Thornburg Income Builder Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 13th were issued a $0.1042 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, October 13th.

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.