Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD – Get Rating) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 30,000 shares, a drop of 36.4% from the November 30th total of 47,200 shares. Based on an average trading volume of 125,500 shares, the days-to-cover ratio is presently 0.2 days.
Thornburg Income Builder Opportunities Trust Stock Up 0.2 %
Shares of Thornburg Income Builder Opportunities Trust stock traded up $0.03 during midday trading on Friday, hitting $14.28. The company's stock had a trading volume of 113,551 shares, compared to its average volume of 107,237. Thornburg Income Builder Opportunities Trust has a 1-year low of $12.45 and a 1-year high of $20.00.
Get Thornburg Income Builder Opportunities Trust alerts:Thornburg Income Builder Opportunities Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Monday, December 12th were given a $0.104 dividend. The ex-dividend date was Friday, December 9th. This represents a $1.25 annualized dividend and a dividend yield of 8.74%.
Insider Transactions at Thornburg Income Builder Opportunities Trust
In related news, President Jason H. Brady acquired 30,000 shares of Thornburg Income Builder Opportunities Trust stock in a transaction dated Thursday, December 22nd. The stock was acquired at an average cost of $14.19 per share, with a total value of $425,700.00. Following the purchase, the president now directly owns 82,000 shares in the company, valued at approximately $1,163,580. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, President Jason H. Brady acquired 30,000 shares of Thornburg Income Builder Opportunities Trust stock in a transaction dated Thursday, December 22nd. The stock was acquired at an average cost of $14.19 per share, with a total value of $425,700.00. Following the purchase, the president now directly owns 82,000 shares in the company, valued at approximately $1,163,580. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Benjamin D. Kirby bought 3,513 shares of the firm's stock in a transaction dated Wednesday, November 30th. The stock was acquired at an average cost of $14.27 per share, with a total value of $50,130.51. Following the transaction, the insider now owns 5,513 shares of the company's stock, valued at $78,670.51. The disclosure for this purchase can be found here.Institutional Trading of Thornburg Income Builder Opportunities Trust
Several hedge funds and other institutional investors have recently modified their holdings of TBLD. Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 792 shares in the last quarter. Buckingham Strategic Partners purchased a new stake in shares of Thornburg Income Builder Opportunities Trust during the third quarter worth $127,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Thornburg Income Builder Opportunities Trust during the third quarter worth $132,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Thornburg Income Builder Opportunities Trust during the third quarter worth $147,000. Finally, Saba Capital Management L.P. purchased a new stake in shares of Thornburg Income Builder Opportunities Trust during the third quarter worth $1,101,000.
About Thornburg Income Builder Opportunities Trust
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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.
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