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

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 30,283 shares, a decrease of 84.3% from the October 15th total of 193,187 shares. Based on an average daily trading volume, of 153,435 shares, the short-interest ratio is currently 0.2 days.

BlackRock Limited Duration Income Trust Stock Down 0.7%

Shares of NYSE:BLW traded down $0.09 during trading on Friday, hitting $11.47. 96,003 shares of the company were exchanged, compared to its average volume of 153,058. BlackRock Limited Duration Income Trust has a fifty-two week low of $11.35 and a fifty-two week high of $14.01. The firm has a fifty day moving average price of $11.80 and a two-hundred day moving average price of $12.57.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.1132 dividend. This represents a $1.36 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Institutional investors have recently made changes to their positions in the company. Shaker Financial Services LLC grew its holdings in shares of BlackRock Limited Duration Income Trust by 15.7% during the third quarter. Shaker Financial Services LLC now owns 348,687 shares of the investment management company’s stock worth $4,006,000 after purchasing an additional 47,237 shares during the last quarter. Venture Visionary Partners LLC increased its stake in shares of BlackRock Limited Duration Income Trust by 4.4% in the third quarter. Venture Visionary Partners LLC now owns 291,592 shares of the investment management company’s stock valued at $3,350,000 after buying an additional 12,257 shares during the period. Royal Bank of Canada increased its stake in shares of BlackRock Limited Duration Income Trust by 2.9% in the first quarter. Royal Bank of Canada now owns 181,162 shares of the investment management company’s stock valued at $2,281,000 after buying an additional 5,191 shares during the period. Lido Advisors LLC raised its holdings in BlackRock Limited Duration Income Trust by 14.4% in the 3rd quarter. Lido Advisors LLC now owns 112,700 shares of the investment management company’s stock valued at $1,295,000 after buying an additional 14,181 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in BlackRock Limited Duration Income Trust by 4.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 70,542 shares of the investment management company’s stock valued at $811,000 after buying an additional 3,086 shares during the last quarter.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide current income while maintaining a relatively limited portfolio duration. The trust invests primarily in a diversified portfolio of fixed-income securities, which may include corporate bonds, bank loans, mortgage-related securities, asset-backed securities and other debt instruments. Because it is designed for limited duration, the trust generally emphasizes debt investments with shorter or intermediate maturities to help manage sensitivity to changes in interest rates.