BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Significant Increase in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 188,100 shares, an increase of 62.7% from the June 30th total of 115,600 shares. Based on an average daily trading volume, of 90,000 shares, the days-to-cover ratio is presently 2.1 days.

BlackRock Limited Duration Income Trust Stock Down 0.1 %

NYSE:BLW opened at $13.98 on Monday. The stock’s fifty day moving average price is $13.91 and its two-hundred day moving average price is $13.86. BlackRock Limited Duration Income Trust has a 52-week low of $12.35 and a 52-week high of $14.31.

BlackRock Limited Duration Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.1132 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.72%. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Carmichael Hill & Associates Inc. raised its stake in 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 buying an additional 1,054 shares during the period. Consolidated Portfolio Review Corp bought a new position in shares of BlackRock Limited Duration Income Trust in the 4th quarter valued at about $383,000. GraniteShares Advisors LLC bought a new position in BlackRock Limited Duration Income Trust during the fourth quarter worth about $1,497,000. Principal Securities Inc. bought a new position in BlackRock Limited Duration Income Trust during the fourth quarter worth about $1,750,000. Finally, Janney Montgomery Scott LLC grew its holdings in BlackRock Limited Duration Income Trust by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,352 shares of the investment management company’s stock worth $648,000 after purchasing an additional 1,175 shares during the period.

BlackRock Limited Duration Income Trust Company Profile

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.