Short Interest in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Drops By 77.5%

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 10,800 shares, a decline of 77.5% from the October 31st total of 48,000 shares. Based on an average daily trading volume, of 71,700 shares, the short-interest ratio is currently 0.2 days.

Thornburg Income Builder Opportunities Trust Stock Performance

Shares of TBLD stock traded up $0.06 on Wednesday, hitting $16.69. The stock had a trading volume of 38,351 shares, compared to its average volume of 80,319. The business has a 50 day moving average of $17.19 and a 200 day moving average of $16.70. Thornburg Income Builder Opportunities Trust has a 12-month low of $14.81 and a 12-month high of $17.89.

Thornburg Income Builder Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.104 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.25 annualized dividend and a yield of 7.48%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Calamos Advisors LLC purchased a new stake in Thornburg Income Builder Opportunities Trust in the 2nd quarter worth approximately $250,000. SOA Wealth Advisors LLC. purchased a new stake in Thornburg Income Builder Opportunities Trust in the second quarter worth $26,000. Private Advisor Group LLC increased its stake in shares of Thornburg Income Builder Opportunities Trust by 22.7% during the second quarter. Private Advisor Group LLC now owns 111,168 shares of the company’s stock valued at $1,793,000 after buying an additional 20,553 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Thornburg Income Builder Opportunities Trust during the second quarter valued at $2,350,000. Finally, Commonwealth Equity Services LLC grew its stake in Thornburg Income Builder Opportunities Trust by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 24,535 shares of the company’s stock valued at $396,000 after purchasing an additional 2,900 shares during the last quarter.

Thornburg Income Builder Opportunities Trust Company Profile

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.