Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Short Interest Up 45.9% in October

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 48,000 shares, a growth of 45.9% from the October 15th total of 32,900 shares. Based on an average daily volume of 70,500 shares, the days-to-cover ratio is currently 0.7 days.

Thornburg Income Builder Opportunities Trust Price Performance

TBLD stock traded down $0.11 during midday trading on Friday, hitting $16.56. The stock had a trading volume of 33,404 shares, compared to its average volume of 80,360. The business has a 50-day moving average of $17.31 and a two-hundred day moving average of $16.64. Thornburg Income Builder Opportunities Trust has a 52-week low of $14.79 and a 52-week high of $17.89.

Thornburg Income Builder Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th will be issued a $0.104 dividend. This represents a $1.25 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates increased its position in shares of Thornburg Income Builder Opportunities Trust by 67.4% during the third quarter. Raymond James & Associates now owns 551,519 shares of the company’s stock valued at $9,828,000 after acquiring an additional 222,077 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Thornburg Income Builder Opportunities Trust in the second quarter worth $2,350,000. Stifel Financial Corp lifted its holdings in shares of Thornburg Income Builder Opportunities Trust by 25.1% during the third quarter. Stifel Financial Corp now owns 480,098 shares of the company’s stock valued at $8,555,000 after purchasing an additional 96,448 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Thornburg Income Builder Opportunities Trust during the second quarter valued at $882,000. Finally, Logan Stone Capital LLC bought a new stake in Thornburg Income Builder Opportunities Trust in the 2nd quarter worth about $861,000.

Thornburg Income Builder Opportunities Trust Company Profile

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.