BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Short Interest Declines 88.1%

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 28,432 shares, a decrease of 88.1% from the September 15th total of 239,297 shares. Based on an average daily volume of 291,898 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BLW. Readystate Asset Management LP acquired a new position in shares of BlackRock Limited Duration Income Trust during the second quarter valued at about $642,000. Integrated Wealth Concepts LLC purchased a new stake in BlackRock Limited Duration Income Trust in the second quarter valued at approximately $330,000. Venture Visionary Partners LLC raised its stake in shares of BlackRock Limited Duration Income Trust by 10.5% during the fourth quarter. Venture Visionary Partners LLC now owns 267,792 shares of the investment management company’s stock worth $3,679,000 after acquiring an additional 25,530 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of BlackRock Limited Duration Income Trust by 290.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 32,704 shares of the investment management company’s stock worth $449,000 after purchasing an additional 24,338 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new position in shares of BlackRock Limited Duration Income Trust during the first quarter valued at about $290,000.

BlackRock Limited Duration Income Trust Price Performance

BLW stock traded up $0.07 during trading on Friday, hitting $11.85. The company had a trading volume of 145,956 shares, compared to its average volume of 149,704. BlackRock Limited Duration Income Trust has a fifty-two week low of $11.43 and a fifty-two week high of $14.10. The company has a fifty day moving average price of $12.31 and a two-hundred day moving average price of $12.47.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.1132 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in a diversified portfolio of debt securities.

Its investments may include corporate bonds, government and agency securities, mortgage- and asset-backed securities, floating-rate loans, and other fixed-income instruments. The portfolio can include both investment-grade and below-investment-grade securities, giving the fund exposure to a range of credit markets while also introducing varying levels of credit and liquidity risk.

As a limited-duration fund, BLW is structured to maintain relatively modest sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.