BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Significant Drop in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 144,709 shares, a decline of 37.4% from the November 30th total of 231,117 shares. Based on an average daily volume of 101,891 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 101,891 shares, the days-to-cover ratio is currently 1.4 days.

BlackRock Limited Duration Income Trust Stock Down 0.1%

Shares of NYSE BLW traded down $0.02 during midday trading on Tuesday, reaching $13.78. 180,720 shares of the stock were exchanged, compared to its average volume of 97,320. The company has a 50 day simple moving average of $13.82 and a 200 day simple moving average of $14.00. BlackRock Limited Duration Income Trust has a twelve month low of $12.48 and a twelve month high of $14.47.

BlackRock Limited Duration Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.1132 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 9.9%.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of BlackRock Limited Duration Income Trust during the 2nd quarter worth about $42,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BlackRock Limited Duration Income Trust during the second quarter valued at about $47,000. Readystate Asset Management LP acquired a new stake in shares of BlackRock Limited Duration Income Trust during the third quarter valued at about $150,000. Moloney Securities Asset Management LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust in the 3rd quarter valued at approximately $154,000. Finally, Samalin Investment Counsel LLC acquired a new position in shares of BlackRock Limited Duration Income Trust in the 3rd quarter worth approximately $170,000.

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.