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

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

BlackRock Long-Term Municipal Advantage Trust Price Performance

BTA traded down $0.01 during trading on Monday, reaching $9.71. 36,196 shares of the stock traded hands, compared to its average volume of 30,905. The stock’s 50-day simple moving average is $9.87 and its two-hundred day simple moving average is $10.17. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $9.48 and a fifty-two week high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0495 per share. The ex-dividend date is Friday, March 14th. This represents a $0.59 annualized dividend and a dividend yield of 6.12%.

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

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in BlackRock Long-Term Municipal Advantage Trust by 2.0% in the fourth quarter. NewEdge Advisors LLC now owns 64,293 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 1,246 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 2.8% in the 4th quarter. Van ECK Associates Corp now owns 68,884 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 1,845 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 9.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 28,825 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 2,450 shares during the last quarter. Citadel Advisors LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter worth $106,000. Finally, Natural Investments LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth $156,000.

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.