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 increase in short interest in May. As of May 29th, there was short interest totaling 9,805 shares, an increase of 97.8% from the May 14th total of 4,958 shares. Based on an average daily trading volume, of 141,838 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in BlackRock Limited Duration Income Trust by 62.6% in the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after purchasing an additional 826 shares in the last quarter. Leonteq Securities AG bought a new position in shares of BlackRock Limited Duration Income Trust in the first quarter worth $75,000. Readystate Asset Management LP bought a new position in shares of BlackRock Limited Duration Income Trust in the third quarter worth $150,000. Delta Financial Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust in the fourth quarter worth $174,000. Finally, Fifth Third Bancorp bought a new stake in BlackRock Limited Duration Income Trust during the first quarter valued at $177,000.

BlackRock Limited Duration Income Trust Stock Up 0.1%

BLW stock traded up $0.02 during midday trading on Tuesday, hitting $12.28. The company’s stock had a trading volume of 160,749 shares, compared to its average volume of 127,500. The stock’s 50-day moving average price is $12.58 and its 200 day moving average price is $13.21. BlackRock Limited Duration Income Trust has a 1 year low of $12.06 and a 1 year high of $14.30.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.1132 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.