Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Increases By 679.2%

BlackRock Limited Duration Income Trust (NYSE:BLWGet Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 180,949 shares, a growth of 679.2% from the June 30th total of 23,223 shares. Based on an average daily trading volume, of 183,927 shares, the days-to-cover ratio is currently 1.0 days.

BlackRock Limited Duration Income Trust Stock Up 0.1%

Shares of NYSE BLW opened at $12.57 on Monday. BlackRock Limited Duration Income Trust has a one year low of $12.06 and a one year high of $14.30. The business’s fifty day moving average price is $12.46 and its 200-day moving average price is $12.95.

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 dividend of $0.1132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BLW. Allworth Financial LP lifted its position in shares of BlackRock Limited Duration Income Trust by 62.6% during the fourth quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after acquiring an additional 826 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of BlackRock Limited Duration Income Trust in the first quarter valued at $75,000. Delta Financial Advisors LLC purchased a new position in shares of BlackRock Limited Duration Income Trust in the fourth quarter valued at $174,000. Fifth Third Bancorp bought a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at $177,000. Finally, Marin Bay Wealth Advisors LLC bought a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at $204,000.

About BlackRock Limited Duration Income Trust

(Get Free Report)

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.

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