Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Increases By 31.2%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 202,500 shares, an increase of 31.2% from the August 15th total of 154,300 shares. Based on an average daily trading volume, of 96,100 shares, the days-to-cover ratio is presently 2.1 days.

BlackRock Limited Duration Income Trust Trading Up 0.2 %

NYSE:BLW traded up $0.02 during mid-day trading on Monday, reaching $14.52. The stock had a trading volume of 147,524 shares, compared to its average volume of 92,582. The business’s 50 day moving average is $14.21 and its 200 day moving average is $13.96. BlackRock Limited Duration Income Trust has a fifty-two week low of $12.35 and a fifty-two week high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.1132 per share. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Luken Investment Analytics LLC bought a new stake in BlackRock Limited Duration Income Trust in the second quarter worth $35,000. Virtu Financial LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at about $165,000. Concurrent Investment Advisors LLC bought a new position in shares of BlackRock Limited Duration Income Trust in the 2nd quarter valued at approximately $210,000. Nomura Holdings Inc. bought a new position in shares of BlackRock Limited Duration Income Trust in the 4th quarter valued at approximately $211,000. Finally, LM Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust in the 4th quarter worth approximately $256,000.

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.