Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Declines By 89.9%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 12,490 shares, a decline of 89.9% from the April 15th total of 124,125 shares. Based on an average daily volume of 135,976 shares, the short-interest ratio is presently 0.1 days.

BlackRock Limited Duration Income Trust Price Performance

Shares of NYSE BLW traded down $0.01 during trading hours on Wednesday, hitting $12.67. 151,511 shares of the company’s stock were exchanged, compared to its average volume of 122,809. BlackRock Limited Duration Income Trust has a 1-year low of $12.06 and a 1-year high of $14.30. The company’s 50-day moving average price is $12.84 and its 200-day moving average price is $13.45.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.1132 per share. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Large investors have recently made changes to their positions in the business. Allworth Financial LP lifted 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 worth $29,000 after purchasing an additional 826 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth about $75,000. Readystate Asset Management LP acquired a new position in shares of BlackRock Limited Duration Income Trust during the 3rd quarter worth about $150,000. Moloney Securities Asset Management LLC bought a new position in BlackRock Limited Duration Income Trust during the third quarter valued at about $154,000. Finally, Samalin Investment Counsel LLC acquired a new position in BlackRock Limited Duration Income Trust in the 3rd quarter valued at approximately $170,000.

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.