Short Interest in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Grows By 389.8%

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 6,362 shares, an increase of 389.8% from the December 31st total of 1,299 shares. Based on an average trading volume of 34,770 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 34,770 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Long-Term Municipal Advantage Trust Price Performance

BTA opened at $9.52 on Friday. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.73 and a fifty-two week high of $10.15. The company’s 50-day moving average is $9.44 and its 200 day moving average is $9.35.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be given a dividend of $0.0495 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, February 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. increased its position in shares of BlackRock Long-Term Municipal Advantage Trust by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 201,930 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 8,907 shares during the last quarter. Wolverine Asset Management LLC grew its position in BlackRock Long-Term Municipal Advantage Trust by 243.2% during the second quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 100,064 shares during the period. NewEdge Advisors LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.2% during the first quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock worth $636,000 after buying an additional 1,385 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 18.9% during the third quarter. HBK Sorce Advisory LLC now owns 34,620 shares of the financial services provider’s stock worth $330,000 after buying an additional 5,500 shares during the last quarter. Finally, River Street Advisors LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the second quarter worth about $173,000.

BlackRock Long-Term Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.