BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Short Interest Down 47.9% in December

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 5,385 shares, a decrease of 47.9% from the November 30th total of 10,334 shares. Based on an average daily volume of 50,462 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 50,462 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Long-Term Municipal Advantage Trust

Institutional investors have recently made changes to their positions in the stock. Bernard Wealth Management Corp. bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter valued at $30,000. Fifth Third Bancorp purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter valued at about $38,000. Ameriprise Financial Inc. bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at about $101,000. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the first quarter worth about $110,000. Finally, Susquehanna International Group LLP bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the third quarter valued at approximately $124,000.

BlackRock Long-Term Municipal Advantage Trust Trading Down 0.5%

Shares of NYSE BTA traded down $0.05 during mid-day trading on Monday, reaching $9.31. 154,915 shares of the company’s stock were exchanged, compared to its average volume of 40,473. The firm has a 50-day moving average price of $9.46 and a two-hundred day moving average price of $9.29. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.73 and a 52 week high of $10.15.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.0495 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a yield of 6.4%.

About BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.