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 large growth in short interest during the month of October. As of October 15th, there was short interest totaling 193,187 shares, a growth of 579.5% from the September 30th total of 28,432 shares. Based on an average trading volume of 245,242 shares, the days-to-cover ratio is currently 0.8 days.

BlackRock Limited Duration Income Trust Stock Performance

BlackRock Limited Duration Income Trust stock traded down $0.01 during midday trading on Wednesday, reaching $11.54. The stock had a trading volume of 126,507 shares, compared to its average volume of 150,052. BlackRock Limited Duration Income Trust has a 52-week low of $11.35 and a 52-week high of $14.10. The company has a fifty day moving average of $12.05 and a 200 day moving average of $12.70.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.1132 dividend. This represents a $1.36 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of BLW. Leonteq Securities AG purchased a new stake in BlackRock Limited Duration Income Trust in the first quarter worth $75,000. First Bank & Trust purchased a new stake in shares of BlackRock Limited Duration Income Trust during the third quarter valued at $119,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Limited Duration Income Trust during the first quarter valued at $177,000. Marin Bay Wealth Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the first quarter valued at $204,000. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of BlackRock Limited Duration Income Trust by 10.9% in the second quarter. Fortitude Advisory Group L.L.C. now owns 16,477 shares of the investment management company’s stock worth $206,000 after purchasing an additional 1,624 shares during the last quarter.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in a diversified portfolio of debt securities.

Its investments may include corporate bonds, government and agency securities, mortgage- and asset-backed securities, floating-rate loans, and other fixed-income instruments. The portfolio can include both investment-grade and below-investment-grade securities, giving the fund exposure to a range of credit markets while also introducing varying levels of credit and liquidity risk.

As a limited-duration fund, BLW is structured to maintain relatively modest sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.