BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Update

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 5,385 shares, a decline of 47.9% from the November 30th total of 10,334 shares. Based on an average daily trading volume, of 50,462 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 50,462 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

NYSE:BTA traded down $0.03 during midday trading on Friday, reaching $9.35. The stock had a trading volume of 16,398 shares, compared to its average volume of 40,042. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $8.73 and a 1-year high of $10.15. The firm’s fifty day simple moving average is $9.46 and its 200-day simple moving average is $9.28.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.0495 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Institutional Investors Weigh In On BlackRock Long-Term Municipal Advantage Trust

Several hedge funds have recently modified their holdings of BTA. Wolverine Asset Management LLC raised its stake in BlackRock Long-Term Municipal Advantage Trust by 243.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 100,064 shares during the last quarter. River Street Advisors LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at about $173,000. Allworth Financial LP bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at about $165,000. Susquehanna International Group LLP bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the third quarter valued at about $124,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the first quarter worth about $110,000.

BlackRock Long-Term Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.