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 significant increase in short interest in February. As of February 13th, there was short interest totaling 327,696 shares, an increase of 178.9% from the January 29th total of 117,485 shares. Based on an average trading volume of 89,696 shares, the days-to-cover ratio is presently 3.7 days. Based on an average trading volume of 89,696 shares, the days-to-cover ratio is presently 3.7 days.

BlackRock Limited Duration Income Trust Trading Down 0.1%

BlackRock Limited Duration Income Trust stock traded down $0.02 during mid-day trading on Thursday, hitting $13.64. The company’s stock had a trading volume of 42,092 shares, compared to its average volume of 93,533. BlackRock Limited Duration Income Trust has a twelve month low of $12.48 and a twelve month high of $14.47. The stock’s fifty day moving average price is $13.75 and its two-hundred day moving average price is $13.89.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.1132 per share. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smith Asset Management Co. LLC raised its holdings in shares of BlackRock Limited Duration Income Trust by 1.9% during the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock valued at $749,000 after acquiring an additional 1,003 shares during the period. IHT Wealth Management LLC raised its stake in BlackRock Limited Duration Income Trust by 18.4% during the 4th quarter. IHT Wealth Management LLC now owns 16,366 shares of the investment management company’s stock valued at $225,000 after purchasing an additional 2,542 shares during the period. Osaic Holdings Inc. raised its stake in BlackRock Limited Duration Income Trust by 5.9% during the 4th quarter. Osaic Holdings Inc. now owns 134,425 shares of the investment management company’s stock valued at $1,847,000 after purchasing an additional 7,537 shares during the period. Royal Bank of Canada lifted its holdings in shares of BlackRock Limited Duration Income Trust by 10.4% in the fourth quarter. Royal Bank of Canada now owns 175,971 shares of the investment management company’s stock valued at $2,418,000 after purchasing an additional 16,523 shares in the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of BlackRock Limited Duration Income Trust by 10.5% during the fourth quarter. Venture Visionary Partners LLC now owns 267,792 shares of the investment management company’s stock valued at $3,679,000 after buying an additional 25,530 shares in the last quarter.

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.