BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 19,700 shares, an increase of 44.9% from the February 13th total of 13,600 shares. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is currently 0.5 days.
BlackRock Long-Term Municipal Advantage Trust Stock Performance
NYSE BTA opened at $9.74 on Friday. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $9.48 and a fifty-two week high of $11.10. The business has a 50 day moving average price of $9.87 and a two-hundred day moving average price of $10.24.
BlackRock Long-Term Municipal Advantage Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0495 per share. This represents a $0.59 annualized dividend and a yield of 6.10%. The ex-dividend date is Friday, March 14th.
Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust
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.
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