Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Sees Significant Decline in Short Interest

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 8,200 shares, a decline of 24.1% from the November 15th total of 10,800 shares. Based on an average daily volume of 75,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Thornburg Income Builder Opportunities Trust

A number of institutional investors have recently made changes to their positions in TBLD. Janney Montgomery Scott LLC grew its stake in shares of Thornburg Income Builder Opportunities Trust by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 61,001 shares of the company’s stock valued at $1,087,000 after purchasing an additional 1,861 shares during the period. Commonwealth Equity Services LLC grew its position in Thornburg Income Builder Opportunities Trust by 13.4% during the second quarter. Commonwealth Equity Services LLC now owns 24,535 shares of the company’s stock valued at $396,000 after buying an additional 2,900 shares during the period. Oppenheimer & Co. Inc. grew its position in Thornburg Income Builder Opportunities Trust by 10.2% during the third quarter. Oppenheimer & Co. Inc. now owns 37,845 shares of the company’s stock valued at $674,000 after buying an additional 3,500 shares during the period. Hunter Associates Investment Management LLC increased its holdings in Thornburg Income Builder Opportunities Trust by 23.4% during the third quarter. Hunter Associates Investment Management LLC now owns 20,400 shares of the company’s stock valued at $362,000 after buying an additional 3,875 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Thornburg Income Builder Opportunities Trust by 5.9% in the third quarter. Private Advisor Group LLC now owns 117,706 shares of the company’s stock worth $2,098,000 after acquiring an additional 6,538 shares during the period.

Thornburg Income Builder Opportunities Trust Price Performance

NASDAQ TBLD traded down $0.01 during mid-day trading on Friday, reaching $16.53. The stock had a trading volume of 74,702 shares, compared to its average volume of 81,444. Thornburg Income Builder Opportunities Trust has a 1 year low of $15.14 and a 1 year high of $17.89. The company has a fifty day moving average price of $16.97 and a 200 day moving average price of $16.76.

Thornburg Income Builder Opportunities Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.1042 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.25 annualized dividend and a yield of 7.56%. This is a boost from Thornburg Income Builder Opportunities Trust’s previous monthly dividend of $0.10.

Thornburg Income Builder Opportunities Trust Company Profile

The Trust is a global, multi-asset, actively managed portfolio that seeks to generate an attractive income stream by providing investors differentiated access to a dynamic blend of income generating investments. Thornburg believes that markets are inefficient with respect to the assessment of risk and reward due to the siloed nature of multi-asset analysis.