Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Increases By 679.2%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 180,949 shares, a growth of 679.2% from the June 30th total of 23,223 shares. Based on an average trading volume of 183,927 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

A number of institutional investors have recently modified their holdings of BLW. Lido Advisors LLC purchased a new position in BlackRock Limited Duration Income Trust during the fourth quarter valued at approximately $956,000. UBS Group AG lifted its holdings in BlackRock Limited Duration Income Trust by 7.4% in the fourth quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock valued at $9,583,000 after acquiring an additional 48,276 shares during the period. Janney Montgomery Scott LLC boosted its position in BlackRock Limited Duration Income Trust by 5.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 40,845 shares of the investment management company’s stock worth $561,000 after purchasing an additional 2,169 shares in the last quarter. Kestra Advisory Services LLC boosted its position in BlackRock Limited Duration Income Trust by 66.4% in the 4th quarter. Kestra Advisory Services LLC now owns 37,915 shares of the investment management company’s stock worth $521,000 after purchasing an additional 15,125 shares in the last quarter. Finally, Wealth Alliance LLC grew its stake in shares of BlackRock Limited Duration Income Trust by 4.0% during the 1st quarter. Wealth Alliance LLC now owns 53,908 shares of the investment management company’s stock worth $679,000 after purchasing an additional 2,050 shares during the period.

BlackRock Limited Duration Income Trust Price Performance

Shares of BlackRock Limited Duration Income Trust stock opened at $12.57 on Friday. The firm has a fifty day moving average price of $12.46 and a 200 day moving average price of $12.96. 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 business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1132 per share. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.