BTA Stock Summary and Trading Ideas (Blackrock Long-Term Muni Adv C | NYSE:BTA)

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the “Trust”) investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax). The Trust invests, under normal market conditions, primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment and, under normal market conditions, the Trust’s municipal bond portfolio will have a dollar-weighted average maturity of greater than 10 years. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Long-Term Muni Adv C trades on the NYSE stock market under the symbol BTA.

As of April 22, 2024, BTA stock price declined to $9.67 with 7,309 million shares trading.

BTA has a beta of 0.43, meaning it tends to be less sensitive to market movements. BTA has a correlation of 0.09 to the broad based SPY ETF.

BTA has a market cap of $129.96 million. This is considered a Micro Cap stock.

In the last 3 years, BTA stock traded as high as $15.44 and as low as $8.59.

BTA has underperformed the market in the last year with a return of +4.0%, while the SPY ETF gained +22.3%. In the last 3 month period, BTA fell short of the market, returning -2.3%, while SPY returned +3.9%. However, in the most recent 2 weeks BTA has outperformed the stock market by returning -1.5%, while SPY returned -3.6%.

BTA support price is $9.63 and resistance is $9.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTA stock will trade within this expected range on the day.