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

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 204,700 shares, an increase of 6.8% from the September 30th total of 191,600 shares. Based on an average daily trading volume, of 102,100 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several large investors have recently bought and sold shares of BLW. Commonwealth Equity Services LLC boosted its stake in BlackRock Limited Duration Income Trust by 3.3% during the first quarter. Commonwealth Equity Services LLC now owns 41,275 shares of the investment management company’s stock worth $579,000 after buying an additional 1,314 shares during the period. Rockport Wealth LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the first quarter valued at $374,000. Virtu Financial LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the first quarter valued at $165,000. Concurrent Investment Advisors LLC purchased a new stake in BlackRock Limited Duration Income Trust in the second quarter worth about $210,000. Finally, Consolidated Portfolio Review Corp lifted its stake in BlackRock Limited Duration Income Trust by 3.3% in the second quarter. Consolidated Portfolio Review Corp now owns 26,559 shares of the investment management company’s stock worth $371,000 after acquiring an additional 856 shares during the period.

BlackRock Limited Duration Income Trust Stock Performance

Shares of BLW traded down $0.01 on Friday, reaching $14.28. The company’s stock had a trading volume of 79,879 shares, compared to its average volume of 93,194. The stock’s 50 day simple moving average is $14.40 and its two-hundred day simple moving average is $14.05. BlackRock Limited Duration Income Trust has a 12-month low of $12.82 and a 12-month high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.1132 dividend. This represents a $1.36 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost 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.