Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Sees Large Increase in Short Interest

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 39,391 shares, a growth of 1,075.9% from the September 30th total of 3,350 shares. Based on an average trading volume of 64,423 shares, the days-to-cover ratio is presently 0.6 days.

Thornburg Income Builder Opportunities Trust Price Performance

Shares of TBLD traded up $0.03 during trading hours on Monday, reaching $20.32. The company’s stock had a trading volume of 22,075 shares, compared to its average volume of 60,507. Thornburg Income Builder Opportunities Trust has a 1-year low of $19.48 and a 1-year high of $23.02. The company has a 50 day moving average of $21.07 and a two-hundred day moving average of $21.58.

Thornburg Income Builder Opportunities Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 13th were issued a dividend of $0.1042 per share. This represents a $1.25 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Tuesday, October 13th.

Insider Buying and Selling

In other Thornburg Income Builder Opportunities Trust news, insider Anne W. Kritzmire bought 3,440 shares of the stock in a transaction on Wednesday, August 5th. The shares were bought at an average price of $22.20 per share, with a total value of $76,368.00. Following the purchase, the insider directly owned 4,840 shares in the company, valued at $107,448. The trade was a 245.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. DKM Wealth Management Inc. boosted its position in Thornburg Income Builder Opportunities Trust by 1.6% during the third quarter. DKM Wealth Management Inc. now owns 973,499 shares of the company’s stock valued at $19,782,000 after purchasing an additional 15,726 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in Thornburg Income Builder Opportunities Trust by 4.2% during the first quarter. Kera Capital Partners Inc. now owns 453,342 shares of the company’s stock valued at $9,586,000 after acquiring an additional 18,441 shares during the period. Shaker Financial Services LLC bought a new stake in Thornburg Income Builder Opportunities Trust during the 3rd quarter valued at approximately $4,335,000. Rockefeller Capital Management L.P. grew its stake in shares of Thornburg Income Builder Opportunities Trust by 11.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 157,334 shares of the company’s stock worth $3,162,000 after acquiring an additional 15,912 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Thornburg Income Builder Opportunities Trust in the 2nd quarter worth $3,078,000.

About Thornburg Income Builder Opportunities Trust

(Get Free Report)

Thornburg Income Builder Opportunities Trust is a closed-end investment company listed on the Nasdaq under the symbol TBLD. The trust is advised by Thornburg Investment Management, an asset manager known for managing equity and fixed-income portfolios.

The trust seeks to provide investors with current income and long-term capital appreciation. It pursues this objective through a flexible, diversified portfolio that may include dividend-paying common stocks, preferred securities, convertible securities, corporate bonds, government and agency securities, and other income-producing investments.

TBLD can invest in both U.S.

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