BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Down 13.6% in March

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 126,500 shares, a decline of 13.6% from the March 15th total of 146,400 shares. Based on an average trading volume of 88,900 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake in BlackRock Limited Duration Income Trust by 214.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,486 shares of the investment management company’s stock worth $63,000 after purchasing an additional 3,061 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter worth approximately $140,000. Pathstone Family Office LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 3rd quarter worth approximately $176,000. Pathstone Holdings LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter worth approximately $193,000. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of BlackRock Limited Duration Income Trust by 7.8% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 14,488 shares of the investment management company’s stock worth $203,000 after acquiring an additional 1,054 shares in the last quarter.

BlackRock Limited Duration Income Trust Trading Down 0.0 %

Shares of NYSE:BLW traded down $0.01 during mid-day trading on Tuesday, reaching $13.30. 117,677 shares of the company traded hands, compared to its average volume of 89,651. BlackRock Limited Duration Income Trust has a 52 week low of $12.35 and a 52 week high of $14.26. The company’s 50 day moving average price is $13.94 and its 200-day moving average price is $13.51.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.108 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.30 annualized dividend and a yield of 9.75%.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.