BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Down 24.9% in March

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

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.4 %

Shares of BlackRock Long-Term Municipal Advantage Trust stock opened at $9.71 on Friday. The business has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $10.18. BlackRock Long-Term Municipal Advantage Trust has a one year low of $9.48 and a one year high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

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

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

A number of large investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth $106,000. Natural Investments LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter worth about $156,000. Stratos Investment Management LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter worth about $163,000. Nomura Holdings Inc. acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at about $176,000. Finally, HBK Sorce Advisory LLC boosted its stake in BlackRock Long-Term Municipal Advantage Trust by 9.3% during 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.

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.