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

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 117,485 shares, a growth of 471.0% from the January 15th total of 20,576 shares. Based on an average trading volume of 84,000 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 84,000 shares, the short-interest ratio is currently 1.4 days.

BlackRock Limited Duration Income Trust Trading Up 0.3%

Shares of BLW stock traded up $0.05 during mid-day trading on Tuesday, reaching $13.78. 76,936 shares of the company’s stock traded hands, compared to its average volume of 100,335. BlackRock Limited Duration Income Trust has a 12 month low of $12.48 and a 12 month high of $14.47. The firm has a 50 day moving average price of $13.75 and a two-hundred day moving average price of $13.92.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.1132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fountainhead AM LLC lifted its holdings in BlackRock Limited Duration Income Trust by 1.2% during the second quarter. Fountainhead AM LLC now owns 69,536 shares of the investment management company’s stock valued at $986,000 after purchasing an additional 809 shares in the last quarter. Allworth Financial LP raised its position in shares of BlackRock Limited Duration Income Trust by 62.6% during the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 826 shares during the period. Smith Asset Management Co. LLC lifted its stake in shares of BlackRock Limited Duration Income Trust by 2.0% during the 3rd quarter. Smith Asset Management Co. LLC now owns 53,491 shares of the investment management company’s stock valued at $749,000 after buying an additional 1,028 shares in the last quarter. Wealth Alliance LLC boosted its holdings in BlackRock Limited Duration Income Trust by 2.0% in the 2nd quarter. Wealth Alliance LLC now owns 55,701 shares of the investment management company’s stock worth $790,000 after buying an additional 1,089 shares during the period. Finally, Verity Asset Management Inc. boosted its holdings in BlackRock Limited Duration Income Trust by 2.3% in the 3rd quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock worth $780,000 after buying an additional 1,243 shares during the period.

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.