Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Drops By 60.3%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,958 shares, a drop of 60.3% from the April 30th total of 12,490 shares. Based on an average daily volume of 109,880 shares, the short-interest ratio is currently 0.0 days.

BlackRock Limited Duration Income Trust Stock Down 0.4%

BlackRock Limited Duration Income Trust stock traded down $0.06 during mid-day trading on Monday, hitting $12.52. 173,802 shares of the company’s stock traded hands, compared to its average volume of 124,582. BlackRock Limited Duration Income Trust has a one year low of $12.06 and a one year high of $14.30. The firm has a 50 day moving average price of $12.62 and a 200 day moving average price of $13.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Wealth LLC purchased a new position in shares of BlackRock Limited Duration Income Trust during the third quarter valued at $1,972,000. UBS Group AG boosted its position in BlackRock Limited Duration Income Trust by 7.4% during 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 last quarter. Smith Asset Management Co. LLC boosted its position in BlackRock Limited Duration Income Trust by 1.9% during the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock valued at $749,000 after purchasing an additional 1,003 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in 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 valued at $449,000 after purchasing an additional 24,338 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth about $75,000.

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.