BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Large Growth in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a large increase in short interest in the month of 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 short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several large investors have recently bought and sold shares of BLW. Luken Investment Analytics LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the second quarter worth approximately $35,000. Virtu Financial LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust in the 1st quarter valued at $165,000. Concurrent Investment Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 2nd quarter worth $210,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock Limited Duration Income Trust during the fourth quarter worth $211,000. Finally, LM Advisors LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the fourth quarter worth $256,000.

BlackRock Limited Duration Income Trust Stock Performance

BLW stock traded up $0.02 during midday trading on Monday, hitting $14.52. The company’s stock had a trading volume of 147,524 shares, compared to its average volume of 92,582. The firm has a 50-day simple moving average of $14.21 and a 200-day simple moving average of $13.96. BlackRock Limited Duration Income Trust has a 52-week low of $12.35 and a 52-week high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

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