Short Interest in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Decreases By 5.1%

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 33,700 shares, a decrease of 5.1% from the August 15th total of 35,500 shares. Based on an average daily volume of 28,200 shares, the short-interest ratio is presently 1.2 days.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.1 %

NYSE:BTA opened at $10.76 on Wednesday. The firm’s 50 day moving average is $10.42 and its two-hundred day moving average is $10.17. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.59 and a fifty-two week high of $10.97.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.0495 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.52%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BTA. HBK Sorce Advisory LLC raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 8.1% during the 2nd quarter. HBK Sorce Advisory LLC now owns 26,375 shares of the financial services provider’s stock valued at $267,000 after buying an additional 1,980 shares during the period. Wolverine Asset Management LLC raised its stake in BlackRock Long-Term Municipal Advantage Trust by 33.7% during the second quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,542 shares in the last quarter. Van ECK Associates Corp grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 9.5% in the 2nd quarter. Van ECK Associates Corp now owns 67,732 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 5,892 shares in the last quarter. Rothschild Investment LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at $33,000. Finally, Tyche Wealth Partners LLC grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 3.5% during the 2nd quarter. Tyche Wealth Partners LLC now owns 41,299 shares of the financial services provider’s stock valued at $418,000 after buying an additional 1,395 shares during the last quarter.

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.