Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Stock Short Interest Declines 45.3%

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,350 shares, a decrease of 45.3% from the September 15th total of 6,121 shares. Based on an average daily trading volume, of 78,924 shares, the short-interest ratio is currently 0.0 days.

Insider Buying and Selling at Thornburg Income Builder Opportunities Trust

In other news, insider Anne W. Kritzmire bought 3,440 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were acquired at an average cost of $22.20 per share, with a total value of $76,368.00. Following the completion of the transaction, the insider directly owned 4,840 shares in the company, valued at $107,448. This represents a 245.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Thornburg Income Builder Opportunities Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Thornburg Income Builder Opportunities Trust in the 2nd quarter valued at approximately $3,078,000. Kera Capital Partners Inc. increased its position in shares of Thornburg Income Builder Opportunities Trust by 8.3% during the 4th quarter. Kera Capital Partners Inc. now owns 434,901 shares of the company’s stock worth $9,216,000 after purchasing an additional 33,282 shares in the last quarter. Shaker Financial Services LLC bought a new position in Thornburg Income Builder Opportunities Trust during the 3rd quarter valued at about $4,335,000. Evolve Private Wealth LLC acquired a new stake in shares of Thornburg Income Builder Opportunities Trust during the second quarter worth approximately $1,721,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Thornburg Income Builder Opportunities Trust in the 2nd quarter worth approximately $254,000.

Thornburg Income Builder Opportunities Trust Stock Performance

Shares of TBLD traded up $0.21 on Thursday, reaching $20.42. 37,653 shares of the stock traded hands, compared to its average volume of 60,887. The stock’s 50-day moving average price is $21.39 and its 200-day moving average price is $21.74. Thornburg Income Builder Opportunities Trust has a 12 month low of $19.48 and a 12 month high of $23.02.

Thornburg Income Builder Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.1042 per share. The ex-dividend date is Tuesday, October 13th. This represents a $1.25 dividend on an annualized basis and a yield of 6.1%.

Thornburg Income Builder Opportunities Trust Company Profile

(Get Free Report)

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.

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