BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Large Increase in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 339,377 shares, a growth of 87.6% from the July 15th total of 180,949 shares. Based on an average daily volume of 179,917 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in BlackRock Limited Duration Income Trust by 2.0% in the 2nd quarter. Baird Financial Group Inc. now owns 130,779 shares of the investment management company’s stock worth $1,854,000 after purchasing an additional 2,576 shares during the period. Bank of America Corp DE raised its stake in BlackRock Limited Duration Income Trust by 6.0% during the 2nd quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock valued at $3,961,000 after purchasing an additional 15,861 shares during the period. UBS Group AG raised its stake in BlackRock Limited Duration Income Trust by 8.9% during the 3rd quarter. UBS Group AG now owns 649,166 shares of the investment management company’s stock valued at $9,088,000 after purchasing an additional 52,821 shares during the period. Invesco Ltd. lifted its holdings in shares of BlackRock Limited Duration Income Trust by 2.8% in the third quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock valued at $4,724,000 after purchasing an additional 9,217 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of BlackRock Limited Duration Income Trust by 2.9% in the third quarter. Raymond James Financial Inc. now owns 249,843 shares of the investment management company’s stock valued at $3,498,000 after purchasing an additional 7,138 shares in the last quarter.

BlackRock Limited Duration Income Trust Price Performance

BLW stock traded down $0.13 during mid-day trading on Friday, reaching $12.88. 170,605 shares of the stock traded hands, compared to its average volume of 138,452. BlackRock Limited Duration Income Trust has a 52-week low of $12.06 and a 52-week high of $14.30. The stock’s fifty day moving average is $12.52 and its 200-day moving average is $12.84.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1132 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide shareholders with high current income while maintaining a low portfolio duration. The trust primarily invests in a diversified portfolio of investment-grade corporate bonds, mortgage-backed securities and other fixed-income instruments. By focusing on limited-duration securities, BLW aims to reduce interest rate sensitivity relative to broad bond market benchmarks.

Launched in 2011, BLW is managed by a team of fixed-income specialists at BlackRock Advisors LLC, drawing on the firm’s global credit research capabilities and risk-management infrastructure.