Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Expands By 178.9%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 327,696 shares, a growth of 178.9% from the January 29th total of 117,485 shares. Based on an average daily trading volume, of 89,696 shares, the short-interest ratio is presently 3.7 days. Based on an average daily trading volume, of 89,696 shares, the short-interest ratio is presently 3.7 days.

BlackRock Limited Duration Income Trust Stock Performance

BLW stock traded down $0.01 on Friday, reaching $13.65. The company’s stock had a trading volume of 89,794 shares, compared to its average volume of 94,056. The business has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $13.89. BlackRock Limited Duration Income Trust has a 12-month low of $12.48 and a 12-month high of $14.47.

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 given a $0.1132 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of BLW. Morgan Stanley raised its stake in BlackRock Limited Duration Income Trust by 1.2% in the fourth quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock worth $63,111,000 after buying an additional 55,856 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of BlackRock Limited Duration Income Trust by 8.5% during the 2nd quarter. Guggenheim Capital LLC now owns 825,295 shares of the investment management company’s stock worth $11,703,000 after acquiring an additional 64,467 shares during the period. UBS Group AG raised its position in shares of BlackRock Limited Duration Income Trust by 7.4% in the 4th quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock worth $9,583,000 after acquiring an additional 48,276 shares in the last quarter. Invesco Ltd. raised its position in shares of BlackRock Limited Duration Income Trust by 2.8% in the 3rd quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock worth $4,724,000 after acquiring an additional 9,217 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its stake in shares of BlackRock Limited Duration Income Trust by 7.7% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 333,188 shares of the investment management company’s stock valued at $4,665,000 after purchasing an additional 23,730 shares during the period.

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.