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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 25,400 shares, a drop of 6.6% from the June 30th total of 27,200 shares. Based on an average trading volume of 25,900 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

Hedge funds have recently bought and sold shares of the business. HBK Sorce Advisory LLC boosted its position in BlackRock Long-Term Municipal Advantage Trust by 11.1% during the first 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 in the last quarter. Tyche Wealth Partners LLC purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth approximately $408,000. Van ECK Associates Corp boosted its position in BlackRock Long-Term Municipal Advantage Trust by 16.2% during the fourth quarter. Van ECK Associates Corp now owns 84,315 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 11,729 shares in the last quarter. Raymond James & Associates boosted its position in BlackRock Long-Term Municipal Advantage Trust by 19.5% during the fourth 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 in the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the first quarter worth approximately $180,000.

BlackRock Long-Term Municipal Advantage Trust Stock Up 1.1 %

BlackRock Long-Term Municipal Advantage Trust stock traded up $0.11 during midday trading on Wednesday, hitting $10.40. 2,072 shares of the company were exchanged, compared to its average volume of 24,357. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.59 and a fifty-two week high of $10.62. The business has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.11.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a dividend of $0.0435 per share. The ex-dividend date is Monday, July 15th. This represents a $0.52 dividend on an annualized basis and a yield of 5.02%.

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.