BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Up 20.5% in January

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 337,400 shares, a growth of 20.5% from the December 31st total of 280,000 shares. Based on an average daily volume of 90,200 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds have recently modified their holdings of BLW. Principal Securities Inc. grew its stake in shares of 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 worth $3,097,000 after purchasing an additional 104,388 shares during the period. Annex Advisory Services LLC purchased a new stake in BlackRock Limited Duration Income Trust during the third quarter worth about $223,000. Round Rock Advisors LLC purchased a new position in BlackRock Limited Duration Income Trust in the fourth quarter valued at about $190,000. Prospera Financial Services Inc lifted its position in shares of BlackRock Limited Duration Income Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 1,939 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of BlackRock Limited Duration Income Trust by 14.2% during the 3rd quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock worth $217,000 after acquiring an additional 1,864 shares in the last quarter.

BlackRock Limited Duration Income Trust Stock Up 0.3 %

BlackRock Limited Duration Income Trust stock traded up $0.04 during trading hours on Friday, reaching $14.34. 189,502 shares of the stock were exchanged, compared to its average volume of 91,240. BlackRock Limited Duration Income Trust has a 52-week low of $13.24 and a 52-week high of $14.63. The firm’s 50 day moving average is $14.23 and its 200 day moving average is $14.27.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.1132 per share. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.36 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend was Wednesday, January 15th.

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.