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

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD – Get Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 7,700 shares, a drop of 71.7% from the April 30th total of 27,200 shares. Based on an average trading volume of 56,600 shares, the days-to-cover ratio is currently 0.1 days.

Thornburg Income Builder Opportunities Trust Stock Up 1.0 %

NASDAQ:TBLD traded up $0.15 during trading hours on Friday, hitting $15.11. The stock had a trading volume of 61,872 shares, compared to its average volume of 61,914. Thornburg Income Builder Opportunities Trust has a 1-year low of $12.45 and a 1-year high of $16.19. The business has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $14.95.

Thornburg Income Builder Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 19th. Stockholders of record on Thursday, May 11th were given a dividend of $0.104 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date was Wednesday, May 10th.

Institutional Trading of Thornburg Income Builder Opportunities Trust

Hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its stake in Thornburg Income Builder Opportunities Trust by 38.8% during the third quarter. UBS Group AG now owns 879,969 shares of the company’s stock worth $11,211,000 after purchasing an additional 246,112 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Thornburg Income Builder Opportunities Trust by 55.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,216 shares of the company’s stock worth $28,000 after purchasing an additional 792 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Thornburg Income Builder Opportunities Trust by 57.8% during the third quarter. Wolverine Asset Management LLC now owns 297,180 shares of the company’s stock worth $3,786,000 after purchasing an additional 108,854 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Thornburg Income Builder Opportunities Trust during the third quarter worth $147,000. Finally, Royal Bank of Canada lifted its stake in Thornburg Income Builder Opportunities Trust by 29.1% in the third quarter. Royal Bank of Canada now owns 154,548 shares of the company’s stock valued at $1,969,000 after buying an additional 34,801 shares during the last quarter.

Thornburg Income Builder Opportunities Trust Company Profile

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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.