BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Large Decline in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLWGet Free Report) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 4,958 shares, a decline of 60.3% from the April 30th total of 12,490 shares. Based on an average daily volume of 109,880 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of 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 valued at $29,000 after purchasing an additional 826 shares in the last quarter. Leonteq Securities AG purchased a new position in BlackRock Limited Duration Income Trust during the first quarter valued at $75,000. Readystate Asset Management LP purchased a new position in BlackRock Limited Duration Income Trust during the third quarter valued at $150,000. Moloney Securities Asset Management LLC purchased a new position in BlackRock Limited Duration Income Trust during the third quarter valued at $154,000. Finally, Delta Financial Advisors LLC purchased a new position in BlackRock Limited Duration Income Trust during the fourth quarter valued at $174,000.

BlackRock Limited Duration Income Trust Stock Performance

NYSE BLW opened at $12.55 on Friday. BlackRock Limited Duration Income Trust has a twelve month low of $12.06 and a twelve month high of $14.30. The stock’s 50 day moving average is $12.63 and its 200 day moving average is $13.33.

BlackRock Limited Duration Income Trust Company Profile

(Get Free Report)

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.

Further Reading

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