BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Large Decline in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,958 shares, a decline of 60.3% from the April 30th total of 12,490 shares. Based on an average daily trading volume, of 109,880 shares, the days-to-cover ratio is presently 0.0 days.

BlackRock Limited Duration Income Trust Trading Up 0.1%

Shares of NYSE:BLW opened at $12.55 on Friday. The stock has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $13.33. BlackRock Limited Duration Income Trust has a 12-month low of $12.06 and a 12-month high of $14.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in shares of BlackRock Limited Duration Income Trust by 2.0% in the second quarter. Baird Financial Group Inc. now owns 130,779 shares of the investment management company’s stock worth $1,854,000 after purchasing an additional 2,576 shares during the last quarter. Bank of America Corp DE lifted its stake in BlackRock Limited Duration Income Trust by 6.0% during the 2nd quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock valued at $3,961,000 after acquiring an additional 15,861 shares during the period. Smith Asset Management Co. LLC lifted its stake in 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 acquiring an additional 1,028 shares during the period. Envestnet Asset Management Inc. lifted its stake in BlackRock Limited Duration Income Trust by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 152,970 shares of the investment management company’s stock valued at $2,142,000 after acquiring an additional 7,560 shares during the period. Finally, Moloney Securities Asset Management LLC bought a new position in BlackRock Limited Duration Income Trust during the 3rd quarter valued at about $154,000.

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.