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 the month of October. As of October 15th, there was short interest totaling 193,187 shares, an increase of 579.5% from the September 30th total of 28,432 shares. Based on an average trading volume of 245,242 shares, the days-to-cover ratio is presently 0.8 days.

BlackRock Limited Duration Income Trust Stock Up 0.5%

Shares of NYSE BLW traded up $0.06 during mid-day trading on Tuesday, reaching $11.45. The company had a trading volume of 81,958 shares, compared to its average volume of 149,895. BlackRock Limited Duration Income Trust has a one year low of $11.35 and a one year high of $14.10. The business’s 50-day simple moving average is $12.07 and its 200 day simple moving average is $12.71.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.1132 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Limited Duration Income Trust

Large investors have recently made changes to their positions in the company. Leonteq Securities AG acquired a new position in BlackRock Limited Duration Income Trust during the first quarter valued at approximately $75,000. First Bank & Trust bought a new position in shares of BlackRock Limited Duration Income Trust in the 3rd quarter valued at $119,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth $177,000. Marin Bay Wealth Advisors LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth $204,000. Finally, Fortitude Advisory Group L.L.C. raised its holdings in shares of BlackRock Limited Duration Income Trust by 10.9% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 16,477 shares of the investment management company’s stock worth $206,000 after buying an additional 1,624 shares in the last quarter.

BlackRock Limited Duration Income Trust Company Profile

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in a diversified portfolio of debt securities.

Its investments may include corporate bonds, government and agency securities, mortgage- and asset-backed securities, floating-rate loans, and other fixed-income instruments. The portfolio can include both investment-grade and below-investment-grade securities, giving the fund exposure to a range of credit markets while also introducing varying levels of credit and liquidity risk.

As a limited-duration fund, BLW is structured to maintain relatively modest sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.