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

by · The Markets Daily

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 32,900 shares, an increase of 133.3% from the September 30th total of 14,100 shares. Based on an average trading volume of 73,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TBLD. Redmont Wealth Advisors LLC purchased a new position in Thornburg Income Builder Opportunities Trust in the first quarter worth $32,000. Private Advisor Group LLC grew its stake in shares of Thornburg Income Builder Opportunities Trust by 1.8% during the first quarter. Private Advisor Group LLC now owns 90,615 shares of the company’s stock worth $1,465,000 after acquiring an additional 1,617 shares during the last quarter. Prosperity Consulting Group LLC acquired a new position in shares of Thornburg Income Builder Opportunities Trust during the first quarter valued at about $162,000. Janney Montgomery Scott LLC raised its position in shares of Thornburg Income Builder Opportunities Trust by 14.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,297 shares of the company’s stock valued at $975,000 after purchasing an additional 7,453 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in Thornburg Income Builder Opportunities Trust in the 1st quarter worth approximately $200,000.

Thornburg Income Builder Opportunities Trust Stock Performance

TBLD stock traded down $0.01 during trading on Friday, hitting $17.14. 54,819 shares of the company’s stock traded hands, compared to its average volume of 82,633. Thornburg Income Builder Opportunities Trust has a 1 year low of $13.44 and a 1 year high of $17.89. The business has a fifty day simple moving average of $17.31 and a two-hundred day simple moving average of $16.49.

Thornburg Income Builder Opportunities Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were issued a $0.104 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date was Friday, October 11th.

Thornburg Income Builder Opportunities Trust Company Profile

(Get Free Report)

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.

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