Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Sees Significant Drop in Short Interest

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 7,100 shares, a drop of 13.4% from the November 30th total of 8,200 shares. Based on an average trading volume of 79,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Thornburg Income Builder Opportunities Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in TBLD. Blue Bell Private Wealth Management LLC boosted its position in shares of Thornburg Income Builder Opportunities Trust by 310.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 16,208 shares of the company’s stock valued at $261,000 after acquiring an additional 12,260 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Thornburg Income Builder Opportunities Trust in the 2nd quarter valued at about $333,000. Hunter Associates Investment Management LLC boosted its holdings in shares of Thornburg Income Builder Opportunities Trust by 23.4% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 20,400 shares of the company’s stock valued at $362,000 after buying an additional 3,875 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Thornburg Income Builder Opportunities Trust by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 24,535 shares of the company’s stock valued at $396,000 after acquiring an additional 2,900 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Thornburg Income Builder Opportunities Trust by 10.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,845 shares of the company’s stock valued at $674,000 after acquiring an additional 3,500 shares during the period.

Thornburg Income Builder Opportunities Trust Stock Down 0.5 %

Shares of TBLD stock opened at $16.50 on Monday. The business’s fifty day simple moving average is $16.77 and its 200-day simple moving average is $16.79. Thornburg Income Builder Opportunities Trust has a 12-month low of $15.14 and a 12-month high of $17.89.

Thornburg Income Builder Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 30th will be given a $0.1042 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.25 dividend on an annualized basis and a yield of 7.58%.

Thornburg Income Builder Opportunities Trust Company Profile

The Trust is a global, multi-asset, actively managed portfolio that seeks to generate an attractive income stream by providing investors differentiated access to a dynamic blend of income generating investments. Thornburg believes that markets are inefficient with respect to the assessment of risk and reward due to the siloed nature of multi-asset analysis.