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

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

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

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

BlackRock Limited Duration Income Trust Price Performance

BLW traded up $0.10 during trading hours on Friday, reaching $13.86. 66,611 shares of the company’s stock traded hands, compared to its average volume of 96,814. The firm has a 50-day moving average price of $13.82 and a 200 day moving average price of $14.00. BlackRock Limited Duration Income Trust has a 52-week low of $12.48 and a 52-week high of $14.47.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid 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.

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.