BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Update

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,805 shares, an increase of 97.8% from the May 14th total of 4,958 shares. Based on an average trading volume of 141,838 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Wealth LLC bought a new position in BlackRock Limited Duration Income Trust in the third quarter valued at approximately $1,972,000. UBS Group AG boosted its position in shares of 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 worth $9,583,000 after purchasing an additional 48,276 shares in the last quarter. Lido Advisors LLC bought a new position in shares of BlackRock Limited Duration Income Trust during the fourth quarter worth $956,000. Fiera Capital Corp boosted its position in shares of BlackRock Limited Duration Income Trust by 29.0% during the fourth quarter. Fiera Capital Corp now owns 153,453 shares of the investment management company’s stock worth $2,108,000 after purchasing an additional 34,480 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC boosted its position in shares of BlackRock Limited Duration Income Trust by 9.6% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 27,688 shares of the investment management company’s stock worth $380,000 after purchasing an additional 2,421 shares in the last quarter.

BlackRock Limited Duration Income Trust Price Performance

BLW stock traded up $0.01 during midday trading on Friday, reaching $12.33. The company’s stock had a trading volume of 92,103 shares, compared to its average volume of 127,625. BlackRock Limited Duration Income Trust has a 52 week low of $12.06 and a 52 week high of $14.30. The business’s 50-day simple moving average is $12.59 and its 200-day simple moving average is $13.22.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.1132 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.0%.

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.