BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Short Interest Report for October

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 193,187 shares, an increase of 579.5% from the September 30th total of 28,432 shares. Based on an average daily volume of 245,242 shares, the short-interest ratio is presently 0.8 days.

BlackRock Limited Duration Income Trust Stock Up 0.5%

NYSE:BLW traded up $0.06 during trading hours on Thursday, hitting $11.59. 40,802 shares of the company were exchanged, compared to its average volume of 149,408. BlackRock Limited Duration Income Trust has a one year low of $11.35 and a one year high of $14.10. The company has a fifty day simple moving average of $12.02 and a 200 day simple moving average of $12.69.

BlackRock Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.1132 per share. The ex-dividend date is Friday, December 11th. This represents a $1.36 annualized dividend and a yield of 11.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Readystate Asset Management LP acquired a new position in shares of BlackRock Limited Duration Income Trust during the second quarter worth approximately $642,000. Shaker Financial Services LLC grew its position in BlackRock Limited Duration Income Trust by 15.7% in the 3rd quarter. Shaker Financial Services LLC now owns 348,687 shares of the investment management company’s stock valued at $4,006,000 after purchasing an additional 47,237 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in BlackRock Limited Duration Income Trust in the 2nd quarter valued at $330,000. Rockefeller Capital Management L.P. increased its stake in BlackRock Limited Duration Income Trust by 290.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 32,704 shares of the investment management company’s stock valued at $449,000 after purchasing an additional 24,338 shares in the last quarter. Finally, Marin Bay Wealth Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust during the 1st quarter valued at $204,000.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in a diversified portfolio of debt securities.

Its investments may include corporate bonds, government and agency securities, mortgage- and asset-backed securities, floating-rate loans, and other fixed-income instruments. The portfolio can include both investment-grade and below-investment-grade securities, giving the fund exposure to a range of credit markets while also introducing varying levels of credit and liquidity risk.

As a limited-duration fund, BLW is structured to maintain relatively modest sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.