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

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 339,377 shares, a growth of 87.6% from the July 15th total of 180,949 shares. Based on an average daily trading volume, of 179,917 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BLW. Baird Financial Group Inc. boosted its holdings in BlackRock Limited Duration Income Trust by 2.0% during the second quarter. Baird Financial Group Inc. now owns 130,779 shares of the investment management company’s stock worth $1,854,000 after buying an additional 2,576 shares in the last quarter. Bank of America Corp DE grew its position in BlackRock Limited Duration Income Trust by 6.0% in the second quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock worth $3,961,000 after buying an additional 15,861 shares during the last quarter. UBS Group AG increased its holdings in shares of BlackRock Limited Duration Income Trust by 8.9% in the third quarter. UBS Group AG now owns 649,166 shares of the investment management company’s stock valued at $9,088,000 after buying an additional 52,821 shares in the last quarter. Invesco Ltd. increased its holdings in shares of BlackRock Limited Duration Income Trust by 2.8% in the third quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock valued at $4,724,000 after buying an additional 9,217 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of BlackRock Limited Duration Income Trust by 2.9% during the 3rd quarter. Raymond James Financial Inc. now owns 249,843 shares of the investment management company’s stock valued at $3,498,000 after acquiring an additional 7,138 shares during the last quarter.

BlackRock Limited Duration Income Trust Price Performance

NYSE:BLW traded down $0.13 during mid-day trading on Friday, reaching $12.88. 170,605 shares of the stock were exchanged, compared to its average volume of 138,452. The business has a fifty day moving average price of $12.52 and a 200 day moving average price of $12.84. BlackRock Limited Duration Income Trust has a 1-year low of $12.06 and a 1-year high of $14.30.

BlackRock Limited Duration Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1132 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.5%.

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.