Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Shares Shorted: Short Interest Down 45.3% in September

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 3,350 shares, a decline of 45.3% from the September 15th total of 6,121 shares. Based on an average trading volume of 78,924 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling

In other Thornburg Income Builder Opportunities Trust news, insider Anne W. Kritzmire bought 3,440 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of $22.20 per share, for a total transaction of $76,368.00. Following the transaction, the insider owned 4,840 shares of the company’s stock, valued at approximately $107,448. The trade was a 245.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Thornburg Income Builder Opportunities Trust

Institutional investors have recently bought and sold shares of the company. DKM Wealth Management Inc. boosted its position in Thornburg Income Builder Opportunities Trust by 1.6% during the 3rd quarter. DKM Wealth Management Inc. now owns 973,499 shares of the company’s stock worth $19,782,000 after acquiring an additional 15,726 shares during the last quarter. Kera Capital Partners Inc. raised its holdings in shares of Thornburg Income Builder Opportunities Trust by 4.2% in the first quarter. Kera Capital Partners Inc. now owns 453,342 shares of the company’s stock valued at $9,586,000 after purchasing an additional 18,441 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in shares of Thornburg Income Builder Opportunities Trust in the third quarter valued at approximately $4,335,000. Rockefeller Capital Management L.P. lifted its position in shares of Thornburg Income Builder Opportunities Trust by 11.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 157,334 shares of the company’s stock worth $3,162,000 after purchasing an additional 15,912 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Thornburg Income Builder Opportunities Trust during the second quarter worth $3,078,000.

Thornburg Income Builder Opportunities Trust Price Performance

Shares of Thornburg Income Builder Opportunities Trust stock traded up $0.21 during trading on Thursday, hitting $20.42. 37,653 shares of the company were exchanged, compared to its average volume of 60,887. The firm’s fifty day moving average price is $21.39 and its 200 day moving average price is $21.74. Thornburg Income Builder Opportunities Trust has a 1-year low of $19.48 and a 1-year high of $23.02.

Thornburg Income Builder Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th will be issued a $0.1042 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, October 13th.

Thornburg Income Builder Opportunities Trust Company Profile

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.