BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Short Interest Rises 579.5%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 193,187 shares, an increase of 579.5% from the September 30th total of 28,432 shares. Based on an average daily volume of 245,242 shares, the days-to-cover ratio is presently 0.8 days.

BlackRock Limited Duration Income Trust Stock Performance

BlackRock Limited Duration Income Trust stock traded up $0.06 during mid-day trading on Tuesday, reaching $11.45. The company had a trading volume of 81,958 shares, compared to its average volume of 149,895. BlackRock Limited Duration Income Trust has a fifty-two week low of $11.35 and a fifty-two week high of $14.10. The business has a fifty day simple moving average of $12.07 and a 200 day simple moving average of $12.71.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.1132 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Hedge funds have recently modified their holdings of the company. Readystate Asset Management LP acquired a new position in BlackRock Limited Duration Income Trust in the 2nd quarter worth about $642,000. Shaker Financial Services LLC increased its position in BlackRock Limited Duration Income Trust by 15.7% in the 3rd quarter. Shaker Financial Services LLC now owns 348,687 shares of the investment management company’s stock valued at $4,006,000 after acquiring an additional 47,237 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of BlackRock Limited Duration Income Trust during the second quarter valued at $330,000. Rockefeller Capital Management L.P. raised 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 valued at $449,000 after acquiring an additional 24,338 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the first quarter worth $204,000.

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.