Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Decreases By 89.9%

by · The Cerbat Gem

BlackRock Limited Duration Income Trust (NYSE:BLW – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 12,490 shares, a decrease of 89.9% from the April 15th total of 124,125 shares. Based on an average daily trading volume, of 135,976 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of BlackRock Limited Duration Income Trust by 62.6% during the fourth quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after purchasing an additional 826 shares during the period. Janney Montgomery Scott LLC raised its position in shares of BlackRock Limited Duration Income Trust by 2.1% during the first quarter. Janney Montgomery Scott LLC now owns 41,695 shares of the investment management company’s stock worth $525,000 after purchasing an additional 850 shares during the period. Smith Asset Management Co. LLC raised its position in shares of BlackRock Limited Duration Income Trust by 1.9% during the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock worth $749,000 after purchasing an additional 1,003 shares during the period. Verity Asset Management Inc. raised its position in shares of BlackRock Limited Duration Income Trust by 2.3% during the third quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock worth $780,000 after purchasing an additional 1,243 shares during the period. Finally, Jackson Hole Capital Partners LLC raised its position in shares of BlackRock Limited Duration Income Trust by 9.6% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 27,688 shares of the investment management company’s stock worth $380,000 after purchasing an additional 2,421 shares during the period.

BlackRock Limited Duration Income Trust Trading Down 0.4%

NYSE:BLW traded down $0.05 during mid-day trading on Monday, hitting $12.76. The company had a trading volume of 103,623 shares, compared to its average volume of 122,363. BlackRock Limited Duration Income Trust has a fifty-two week low of $12.06 and a fifty-two week high of $14.30. The business’s fifty day moving average is $12.88 and its two-hundred day moving average is $13.47.

BlackRock Limited Duration Income Trust Dividend Announcement

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

BlackRock Limited Duration Income Trust Company Profile

(Get Free Report)

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.

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