Short Interest in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Declines By 24.9%

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 14,800 shares, a decline of 24.9% from the February 28th total of 19,700 shares. Based on an average daily volume of 38,800 shares, the short-interest ratio is presently 0.4 days.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of BlackRock Long-Term Municipal Advantage Trust stock opened at $9.71 on Friday. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $9.48 and a twelve month high of $11.10. The company’s fifty day moving average is $9.87 and its 200 day moving average is $10.18.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0495 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.12%.

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

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at approximately $106,000. Natural Investments LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $156,000. Stratos Investment Management LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth $163,000. Nomura Holdings Inc. bought a new position in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth $176,000. Finally, HBK Sorce Advisory LLC lifted its holdings in BlackRock Long-Term Municipal Advantage Trust by 9.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 28,825 shares of the financial services provider’s stock valued at $281,000 after buying an additional 2,450 shares during the period.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.