Short Interest in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Expands By 45.9%

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the target of a large increase in short interest in the month of 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 daily volume of 70,500 shares, the short-interest ratio is currently 0.7 days.

Thornburg Income Builder Opportunities Trust Price Performance

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

Thornburg Income Builder Opportunities Trust Announces Dividend

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

Hedge Funds Weigh In On Thornburg Income Builder Opportunities Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. bought a new position in Thornburg Income Builder Opportunities Trust in the second quarter worth approximately $26,000. Bright Futures Wealth Management LLC. bought a new position in Thornburg Income Builder Opportunities Trust in the 1st quarter worth $186,000. Livelsberger Financial Advisory purchased a new position in Thornburg Income Builder Opportunities Trust during the first quarter valued at $200,000. Calamos Advisors LLC bought a new stake in Thornburg Income Builder Opportunities Trust during the second quarter valued at about $250,000. Finally, Blue Bell Private Wealth Management LLC increased its position in Thornburg Income Builder Opportunities Trust by 310.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 16,208 shares of the company’s stock worth $261,000 after buying an additional 12,260 shares in the last quarter.

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.