Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Increases By 6.8%

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 204,700 shares, an increase of 6.8% from the September 30th total of 191,600 shares. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is currently 2.0 days.

BlackRock Limited Duration Income Trust Price Performance

Shares of BLW stock traded up $0.02 during trading hours on Friday, reaching $14.31. The company had a trading volume of 41,185 shares, compared to its average volume of 93,011. BlackRock Limited Duration Income Trust has a twelve month low of $12.82 and a twelve month high of $14.63. The stock’s fifty day simple moving average is $14.40 and its 200 day simple moving average is $14.05.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $0.1132 dividend. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.36 annualized dividend and a yield of 9.49%.

Institutional Trading of BlackRock Limited Duration Income Trust

Hedge funds have recently made changes to their positions in the company. Principal Securities Inc. grew its holdings in BlackRock Limited Duration Income Trust by 95.3% during the 3rd quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock valued at $3,097,000 after purchasing an additional 104,388 shares in the last quarter. Rockport Wealth LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the first quarter worth about $374,000. GraniteShares Advisors LLC lifted its stake in shares of BlackRock Limited Duration Income Trust by 14.2% in the second quarter. GraniteShares Advisors LLC now owns 140,177 shares of the investment management company’s stock worth $1,957,000 after acquiring an additional 17,482 shares in the last quarter. Annex Advisory Services LLC purchased a new position in BlackRock Limited Duration Income Trust in the third quarter valued at about $223,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust during the 2nd quarter valued at approximately $210,000.

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.