BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Down 75.9% in December

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,299 shares, a decline of 75.9% from the December 15th total of 5,385 shares. Based on an average trading volume of 70,738 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 70,738 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTA. NewEdge Advisors LLC increased its position in shares of BlackRock Long-Term Municipal Advantage Trust by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 1,385 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 worth $173,000. Bernard Wealth Management Corp. purchased a new position in BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at $30,000. Wolverine Asset Management LLC raised its stake in BlackRock Long-Term Municipal Advantage Trust by 243.2% in the second quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 100,064 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth about $165,000.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.3%

NYSE:BTA traded up $0.03 during midday trading on Tuesday, reaching $9.57. The company had a trading volume of 19,347 shares, compared to its average volume of 38,697. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.73 and a 12-month high of $10.15. The stock’s fifty day simple moving average is $9.43 and its 200-day simple moving average is $9.32.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be paid a dividend of $0.0495 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, February 6th.

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.