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

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 6,121 shares, a decrease of 65.9% from the August 31st total of 17,948 shares. Based on an average daily trading volume, of 81,845 shares, the days-to-cover ratio is presently 0.1 days.

Thornburg Income Builder Opportunities Trust Trading Down 0.6%

Shares of NASDAQ:TBLD traded down $0.12 during trading hours on Tuesday, hitting $20.18. The company’s stock had a trading volume of 21,988 shares, compared to its average volume of 60,472. The firm’s fifty day moving average price is $21.78 and its 200 day moving average price is $21.82. Thornburg Income Builder Opportunities Trust has a 52 week low of $19.48 and a 52 week high of $23.02.

Thornburg Income Builder Opportunities Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 11th were given a $0.1042 dividend. This represents a $1.25 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, September 11th.

Insider Activity

In other news, insider Anne W. Kritzmire acquired 3,440 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average cost of $22.20 per share, for a total transaction of $76,368.00. Following the completion of the acquisition, the insider directly owned 4,840 shares of the company’s stock, valued at $107,448. The trade was a 245.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Thornburg Income Builder Opportunities Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Kera Capital Partners Inc. lifted its position in shares of 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 buying an additional 18,441 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Thornburg Income Builder Opportunities Trust by 11.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 157,334 shares of the company’s stock valued at $3,162,000 after purchasing an additional 15,912 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Thornburg Income Builder Opportunities Trust in the 2nd quarter worth $3,078,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Thornburg Income Builder Opportunities Trust by 2.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 104,913 shares of the company’s stock valued at $2,315,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in Thornburg Income Builder Opportunities Trust during the 2nd quarter worth approximately $1,721,000.

About Thornburg Income Builder Opportunities Trust

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.