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

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 20,576 shares, a decline of 84.9% from the December 31st total of 136,161 shares. Based on an average trading volume of 117,727 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 117,727 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Limited Duration Income Trust Trading Up 0.3%

BLW traded up $0.04 during trading hours on Wednesday, hitting $13.78. The company’s stock had a trading volume of 102,341 shares, compared to its average volume of 103,297. The business’s 50-day moving average price is $13.77 and its 200-day moving average price is $13.94. BlackRock Limited Duration Income Trust has a 12 month low of $12.48 and a 12 month high of $14.47.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.1132 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.9%.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of BlackRock Limited Duration Income Trust during the 2nd quarter worth approximately $42,000. Readystate Asset Management LP purchased a new position in BlackRock Limited Duration Income Trust during the 3rd quarter valued at about $150,000. Moloney Securities Asset Management LLC purchased a new position in BlackRock Limited Duration Income Trust during the third quarter valued at approximately $154,000. Samalin Investment Counsel LLC purchased a new position in shares of BlackRock Limited Duration Income Trust in the 3rd quarter valued at $170,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in BlackRock Limited Duration Income Trust in the third quarter valued at about $201,000.

BlackRock Limited Duration Income Trust Company Profile

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.