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

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 41,800 shares, a decline of 18.7% from the March 15th total of 51,400 shares. Based on an average daily trading volume, of 71,400 shares, the short-interest ratio is presently 0.6 days.

Thornburg Income Builder Opportunities Trust Price Performance

TBLD traded down $0.06 during trading on Monday, reaching $17.44. 53,870 shares of the company’s stock were exchanged, compared to its average volume of 77,936. Thornburg Income Builder Opportunities Trust has a fifty-two week low of $15.19 and a fifty-two week high of $18.03. The company’s fifty day moving average price is $17.46 and its 200-day moving average price is $17.05.

Thornburg Income Builder Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be paid a dividend of $0.1042 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.25 dividend on an annualized basis and a yield of 7.17%.

Institutional Investors Weigh In On Thornburg Income Builder Opportunities Trust

Institutional investors have recently added to or reduced their stakes in the stock. SouthState Corp acquired a new stake in Thornburg Income Builder Opportunities Trust in the 4th quarter valued at approximately $87,000. Beck Mack & Oliver LLC bought a new position in Thornburg Income Builder Opportunities Trust in the fourth quarter valued at $163,000. Silver Oak Securities Incorporated acquired a new stake in Thornburg Income Builder Opportunities Trust in the 4th quarter valued at $183,000. Calamos Advisors LLC lifted its position in Thornburg Income Builder Opportunities Trust by 23.8% during the 4th quarter. Calamos Advisors LLC now owns 12,748 shares of the company’s stock worth $208,000 after buying an additional 2,450 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Thornburg Income Builder Opportunities Trust during the 4th quarter worth about $222,000.

About Thornburg Income Builder Opportunities Trust

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.