Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Expands By 679.2%

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 180,949 shares, a growth of 679.2% from the June 30th total of 23,223 shares. Based on an average daily volume of 183,927 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust during the fourth quarter worth $956,000. UBS Group AG grew its position in shares of BlackRock Limited Duration Income Trust by 7.4% in the fourth quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock valued at $9,583,000 after purchasing an additional 48,276 shares during the period. Allworth Financial LP grew its position in shares of BlackRock Limited Duration Income Trust by 62.6% in 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 during the period. Delta Financial Advisors LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust in the fourth quarter valued at about $174,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of BlackRock Limited Duration Income Trust by 290.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 32,704 shares of the investment management company’s stock worth $449,000 after purchasing an additional 24,338 shares in the last quarter.

BlackRock Limited Duration Income Trust Price Performance

Shares of BLW opened at $12.57 on Friday. BlackRock Limited Duration Income Trust has a 12 month low of $12.06 and a 12 month high of $14.30. The stock’s 50 day moving average is $12.46 and its two-hundred day moving average is $12.96.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1132 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

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.