Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Short Interest Update

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

Institutional Trading of Thornburg Income Builder Opportunities Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in shares of Thornburg Income Builder Opportunities Trust by 67.4% in the third quarter. Raymond James & Associates now owns 551,519 shares of the company’s stock valued at $9,828,000 after purchasing an additional 222,077 shares in the last quarter. Stifel Financial Corp increased its holdings in Thornburg Income Builder Opportunities Trust by 25.1% in the third quarter. Stifel Financial Corp now owns 480,098 shares of the company’s stock valued at $8,555,000 after buying an additional 96,448 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Thornburg Income Builder Opportunities Trust in the second quarter worth about $2,350,000. Private Advisor Group LLC boosted its stake in Thornburg Income Builder Opportunities Trust by 5.9% during the 3rd quarter. Private Advisor Group LLC now owns 117,706 shares of the company’s stock valued at $2,098,000 after purchasing an additional 6,538 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in Thornburg Income Builder Opportunities Trust by 77.8% in the third quarter. Rockefeller Capital Management L.P. now owns 107,283 shares of the company’s stock worth $1,912,000 after purchasing an additional 46,958 shares during the period.

Thornburg Income Builder Opportunities Trust Price Performance

TBLD traded down $0.11 during trading hours on Friday, hitting $16.56. 33,404 shares of the company’s stock were exchanged, compared to its average volume of 80,360. The firm has a 50 day moving average of $17.31 and a 200 day moving average of $16.64. Thornburg Income Builder Opportunities Trust has a 12-month low of $14.79 and a 12-month high of $17.89.

Thornburg Income Builder Opportunities Trust Announces Dividend

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

About Thornburg Income Builder Opportunities Trust

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.