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

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 339,377 shares, an increase of 87.6% from the July 15th total of 180,949 shares. Based on an average trading volume of 179,917 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

A number of hedge funds have recently bought and sold shares of BLW. Allworth Financial LP grew its holdings in BlackRock Limited Duration Income Trust by 62.6% in the fourth 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. Leonteq Securities AG acquired a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth approximately $75,000. Delta Financial Advisors LLC purchased a new position in shares of BlackRock Limited Duration Income Trust during the 4th quarter valued at approximately $174,000. Fifth Third Bancorp purchased a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at approximately $177,000. Finally, Marin Bay Wealth Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust in the 1st quarter valued at $204,000.

BlackRock Limited Duration Income Trust Trading Down 0.6%

Shares of BLW stock traded down $0.08 during mid-day trading on Monday, hitting $12.79. 154,354 shares of the stock were exchanged, compared to its average volume of 138,554. The firm has a fifty day moving average of $12.53 and a 200 day moving average of $12.83. BlackRock Limited Duration Income Trust has a 52-week low of $12.06 and a 52-week high of $14.30.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1132 dividend. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Tuesday, September 15th.

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.