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

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

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

A number of institutional investors have recently modified their holdings of BTA. Wolverine Asset Management LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 243.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 100,064 shares during the last quarter. River Street Advisors LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 2nd quarter worth approximately $173,000. Arlington Capital Management Inc. acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $173,000. Allworth Financial LP bought a new position in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth about $165,000. Finally, Susquehanna International Group LLP bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the third quarter valued at $124,000.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of NYSE BTA traded up $0.03 during trading on Thursday, hitting $9.52. The company had a trading volume of 8,039 shares, compared to its average volume of 31,713. The business’s 50-day moving average is $9.44 and its 200 day moving average is $9.35. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.73 and a 52 week high of $10.15.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

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

About BlackRock Long-Term Municipal Advantage Trust

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.