BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Significant Growth in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 180,949 shares, an increase of 679.2% from the June 30th total of 23,223 shares. Based on an average daily trading volume, of 183,927 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of institutional investors have recently bought and sold shares of BLW. Allworth Financial LP raised its stake in BlackRock Limited Duration Income Trust by 62.6% during the fourth 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 during the period. Leonteq Securities AG purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at $75,000. Delta Financial Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter valued at $174,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at $177,000. Finally, Marin Bay Wealth Advisors LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth $204,000.

BlackRock Limited Duration Income Trust Stock Down 0.0%

BLW traded down $0.01 during midday trading on Friday, hitting $12.57. The company’s stock had a trading volume of 85,239 shares, compared to its average volume of 138,750. The firm has a 50-day moving average price of $12.46 and a two-hundred day moving average price of $12.96. BlackRock Limited Duration Income Trust has a 52-week low of $12.06 and a 52-week high of $14.30.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1132 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.8%.

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.