BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Up 30.5% in October

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 267,100 shares, a growth of 30.5% from the October 15th total of 204,700 shares. Based on an average daily volume of 101,500 shares, the days-to-cover ratio is currently 2.6 days.

BlackRock Limited Duration Income Trust Trading Down 0.3 %

BLW opened at $14.04 on Friday. BlackRock Limited Duration Income Trust has a twelve month low of $12.85 and a twelve month high of $14.63. The firm’s fifty day moving average is $14.37 and its two-hundred day moving average is $14.12.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.36 annualized dividend and a yield of 9.68%.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds have recently bought and sold shares of BLW. Consolidated Portfolio Review Corp grew its holdings in BlackRock Limited Duration Income Trust by 3.3% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 26,559 shares of the investment management company’s stock valued at $371,000 after buying an additional 856 shares in the last quarter. MML Investors Services LLC lifted its position 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 valued at $217,000 after acquiring an additional 1,864 shares during the period. Prospera Financial Services Inc grew its holdings 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 worth $178,000 after purchasing an additional 1,939 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of BlackRock Limited Duration Income Trust in the 2nd quarter valued at approximately $35,000. Finally, Virtu Financial LLC acquired a new position in BlackRock Limited Duration Income Trust during the first quarter valued at approximately $165,000.

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.