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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 37,600 shares, a decline of 57.8% from the December 15th total of 89,200 shares. Based on an average trading volume of 40,300 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On BlackRock Long-Term Municipal Advantage Trust

Several large investors have recently modified their holdings of the stock. HBK Sorce Advisory LLC lifted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 8.1% during the second quarter. HBK Sorce Advisory LLC now owns 26,375 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 1,980 shares during the last quarter. PFG Investments LLC purchased a new position in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth about $131,000. Wolverine Asset Management LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 145.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 34,566 shares of the financial services provider’s stock worth $371,000 after buying an additional 20,499 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the third quarter valued at about $120,000. Finally, Concorde Asset Management LLC boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 12.4% in the third quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,392 shares during the period.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.1 %

Shares of NYSE BTA traded down $0.01 during midday trading on Tuesday, reaching $9.62. The company’s stock had a trading volume of 39,418 shares, compared to its average volume of 43,965. BlackRock Long-Term Municipal Advantage Trust has a one year low of $9.48 and a one year high of $11.10. The company has a 50 day moving average price of $10.25 and a 200 day moving average price of $10.37.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0495 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.17%.

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.