BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Down 13.6% in March

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 126,500 shares, a decline of 13.6% from the March 15th total of 146,400 shares. Based on an average daily volume of 88,900 shares, the days-to-cover ratio is presently 1.4 days.

BlackRock Limited Duration Income Trust Price Performance

BlackRock Limited Duration Income Trust stock traded down $0.01 during midday trading on Tuesday, reaching $13.30. The stock had a trading volume of 117,677 shares, compared to its average volume of 89,651. BlackRock Limited Duration Income Trust has a twelve month low of $12.35 and a twelve month high of $14.26. The stock’s 50-day simple moving average is $13.94 and its 200 day simple moving average is $13.51.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.108 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.30 annualized dividend and a dividend yield of 9.75%.

Institutional Trading of BlackRock Limited Duration Income Trust

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in shares of BlackRock Limited Duration Income Trust by 8.8% in the fourth quarter. Morgan Stanley now owns 3,953,245 shares of the investment management company’s stock worth $51,669,000 after acquiring an additional 318,333 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of BlackRock Limited Duration Income Trust by 36.2% in the 2nd quarter. Wells Fargo & Company MN now owns 489,757 shares of the investment management company’s stock worth $6,196,000 after purchasing an additional 130,257 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of BlackRock Limited Duration Income Trust in the 4th quarter valued at about $1,750,000. UBS Group AG lifted its position in shares of BlackRock Limited Duration Income Trust by 11.2% during the first quarter. UBS Group AG now owns 1,171,875 shares of the investment management company’s stock worth $16,805,000 after purchasing an additional 117,650 shares during the last quarter. Finally, GraniteShares Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust in the fourth quarter worth about $1,497,000.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.