Short Interest in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Declines By 6.6%

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 25,400 shares, a decline of 6.6% from the June 30th total of 27,200 shares. Based on an average trading volume of 25,900 shares, the short-interest ratio is currently 1.0 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tyche Wealth Partners LLC raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 3.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 41,299 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,395 shares in the last quarter. Raymond James & Associates raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 19.5% in the 4th quarter. Raymond James & Associates now owns 14,973 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,441 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 11.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 24,395 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 2,445 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 7.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 43,025 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the 2nd quarter valued at approximately $33,000.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BlackRock Long-Term Municipal Advantage Trust stock traded up $0.07 during midday trading on Thursday, hitting $10.48. 18,714 shares of the company were exchanged, compared to its average volume of 24,446. The company’s fifty day moving average price is $10.14 and its 200-day moving average price is $10.11. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.59 and a fifty-two week high of $10.62.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.0435 per share. This represents a $0.52 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Monday, July 15th.

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.