BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Down 34.3% in March

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 9,400 shares, a decline of 34.3% from the March 15th total of 14,300 shares. Based on an average trading volume of 57,000 shares, the days-to-cover ratio is presently 0.2 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 39.3% in the 3rd quarter. Invesco Ltd. now owns 200,506 shares of the financial services provider’s stock worth $2,711,000 after purchasing an additional 56,536 shares during the period. Guggenheim Capital LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.3% in the 3rd quarter. Guggenheim Capital LLC now owns 226,460 shares of the financial services provider’s stock worth $3,062,000 after purchasing an additional 4,996 shares during the period. Cohen & Steers Inc. raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 91.0% in the 3rd quarter. Cohen & Steers Inc. now owns 55,283 shares of the financial services provider’s stock worth $747,000 after purchasing an additional 26,343 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,494 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 1,020 shares during the period. Finally, Morgan Stanley raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 5.0% in the 2nd quarter. Morgan Stanley now owns 125,128 shares of the financial services provider’s stock worth $1,703,000 after purchasing an additional 5,984 shares during the period.

Shares of BTA stock traded down $0.14 on Monday, hitting $10.70. The company had a trading volume of 114,764 shares, compared to its average volume of 58,389. The company’s 50-day simple moving average is $11.80. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $10.62 and a twelve month high of $15.44.

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $0.65 annualized dividend and a dividend yield of 6.06%.

About BlackRock Long-Term Municipal Advantage Trust (Get Rating)

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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