BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 33,700 shares, a drop of 5.1% from the August 15th total of 35,500 shares. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is currently 1.2 days.
BlackRock Long-Term Municipal Advantage Trust Price Performance
NYSE:BTA opened at $10.65 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a one year low of $8.59 and a one year high of $10.97. The firm has a 50-day moving average of $10.43 and a 200-day moving average of $10.18.
BlackRock Long-Term Municipal Advantage Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.0495 dividend. This represents a $0.59 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Inflows and Outflows
About BlackRock Long-Term Municipal Advantage Trust
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.
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