Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Decreases By 37.4%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 144,709 shares, a drop of 37.4% from the November 30th total of 231,117 shares. Based on an average trading volume of 101,891 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 101,891 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Large investors have recently modified their holdings of the business. Comerica Bank raised its holdings in shares of BlackRock Limited Duration Income Trust by 21.8% during the 1st quarter. Comerica Bank now owns 47,357 shares of the investment management company’s stock worth $670,000 after buying an additional 8,481 shares in the last quarter. Baird Financial Group Inc. grew its position in BlackRock Limited Duration Income Trust by 1.5% in the first quarter. Baird Financial Group Inc. now owns 128,203 shares of the investment management company’s stock valued at $1,813,000 after acquiring an additional 1,926 shares during the last quarter. Smith Asset Management Co. LLC acquired a new position in BlackRock Limited Duration Income Trust during the first quarter worth about $750,000. NBC Securities Inc. lifted its holdings in shares of BlackRock Limited Duration Income Trust by 11.7% in the second quarter. NBC Securities Inc. now owns 68,759 shares of the investment management company’s stock worth $975,000 after acquiring an additional 7,214 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BlackRock Limited Duration Income Trust in the 2nd quarter valued at approximately $47,000.

BlackRock Limited Duration Income Trust Stock Performance

Shares of BLW traded down $0.07 during trading hours on Monday, hitting $13.80. 138,888 shares of the company were exchanged, compared to its average volume of 96,984. BlackRock Limited Duration Income Trust has a fifty-two week low of $12.48 and a fifty-two week high of $14.47. The firm’s fifty day moving average is $13.82 and its 200 day moving average is $14.00.

BlackRock Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.1132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, December 22nd.

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.