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

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large increase in short interest during the month of 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 volume of 90,000 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in BlackRock Limited Duration Income Trust in the 1st quarter worth $165,000. Carmichael Hill & Associates Inc. grew its holdings in BlackRock Limited Duration Income Trust by 7.8% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 14,488 shares of the investment management company’s stock worth $203,000 after acquiring an additional 1,054 shares during the last quarter. Nomura Holdings Inc. bought a new stake in BlackRock Limited Duration Income Trust in the 4th quarter worth $211,000. LM Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust in the 4th quarter worth $256,000. Finally, PFG Investments LLC bought a new stake in BlackRock Limited Duration Income Trust in the 1st quarter worth $361,000.

BlackRock Limited Duration Income Trust Stock Down 0.1 %

BLW stock opened at $13.98 on Monday. BlackRock Limited Duration Income Trust has a 52 week low of $12.35 and a 52 week high of $14.31. The firm’s fifty day moving average is $13.91 and its 200 day moving average is $13.86.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a dividend of $0.1132 per share. The ex-dividend date is Monday, July 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.72%. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

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.