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 significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 339,377 shares, a growth of 87.6% from the July 15th total of 180,949 shares. Based on an average trading volume of 179,917 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in BlackRock Limited Duration Income Trust by 2.9% during the 1st quarter. Royal Bank of Canada now owns 181,162 shares of the investment management company’s stock valued at $2,281,000 after purchasing an additional 5,191 shares during the period. Wealth Alliance LLC increased its position in BlackRock Limited Duration Income Trust by 4.0% in the 1st quarter. Wealth Alliance LLC now owns 53,908 shares of the investment management company’s stock valued at $679,000 after acquiring an additional 2,050 shares during the period. Cetera Investment Advisers boosted its position in BlackRock Limited Duration Income Trust by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock worth $661,000 after acquiring an additional 822 shares during the period. Marin Bay Wealth Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust in the first quarter worth about $204,000. Finally, Fifth Third Bancorp acquired a new position in BlackRock Limited Duration Income Trust during the 1st quarter valued at about $177,000.

BlackRock Limited Duration Income Trust Stock Down 0.6%

NYSE:BLW opened at $12.79 on Tuesday. The stock has a 50 day moving average of $12.53 and a 200-day moving average of $12.83. BlackRock Limited Duration Income Trust has a 52 week low of $12.06 and a 52 week high of $14.30.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.1132 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 10.6%.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide shareholders with high current income while maintaining a low portfolio duration. The trust primarily invests in a diversified portfolio of investment-grade corporate bonds, mortgage-backed securities and other fixed-income instruments. By focusing on limited-duration securities, BLW aims to reduce interest rate sensitivity relative to broad bond market benchmarks.

Launched in 2011, BLW is managed by a team of fixed-income specialists at BlackRock Advisors LLC, drawing on the firm’s global credit research capabilities and risk-management infrastructure.