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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 11,782 shares, an increase of 85.2% from the January 15th total of 6,362 shares. Based on an average trading volume of 34,753 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 34,753 shares, the short-interest ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 195,775 shares of the financial services provider’s stock worth $1,817,000 after acquiring an additional 5,527 shares during the last quarter. LPL Financial LLC lifted its holdings in BlackRock Long-Term Municipal Advantage Trust by 53.2% during the 4th quarter. LPL Financial LLC now owns 31,185 shares of the financial services provider’s stock worth $289,000 after buying an additional 10,824 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in BlackRock Long-Term Municipal Advantage Trust by 4,095.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,041,215 shares of the financial services provider’s stock worth $9,662,000 after buying an additional 1,016,396 shares in the last quarter. Wolverine Asset Management LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $249,000. Finally, Absolute Investment Advisers LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $106,000.

BlackRock Long-Term Municipal Advantage Trust Trading Down 0.1%

BTA stock traded down $0.01 during midday trading on Friday, reaching $9.70. 21,503 shares of the company’s stock traded hands, compared to its average volume of 38,840. The company has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $9.41. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $8.73 and a 1-year high of $10.15.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a $0.0495 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, February 6th.

About BlackRock Long-Term Municipal Advantage Trust

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.