BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Down 89.9% in April

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,490 shares, a drop of 89.9% from the April 15th total of 124,125 shares. Based on an average trading volume of 135,976 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock Limited Duration Income Trust Trading Down 0.8%

Shares of NYSE:BLW traded down $0.10 on Tuesday, reaching $12.66. The company had a trading volume of 133,807 shares, compared to its average volume of 122,490. BlackRock Limited Duration Income Trust has a 52-week low of $12.06 and a 52-week high of $14.30. The firm’s 50 day simple moving average is $12.88 and its 200-day simple moving average is $13.47.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.1132 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of BlackRock Limited Duration Income Trust by 62.6% in the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 826 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of BlackRock Limited Duration Income Trust by 2.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,695 shares of the investment management company’s stock valued at $525,000 after acquiring an additional 850 shares during the period. Smith Asset Management Co. LLC increased its holdings in shares of BlackRock Limited Duration Income Trust by 1.9% in the 4th 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. Verity Asset Management Inc. increased its holdings in shares of BlackRock Limited Duration Income Trust by 2.3% in the 3rd quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock valued at $780,000 after acquiring an additional 1,243 shares during the period. Finally, Jackson Hole Capital Partners LLC increased its holdings in shares of BlackRock Limited Duration Income Trust by 9.6% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 27,688 shares of the investment management company’s stock valued at $380,000 after acquiring an additional 2,421 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.