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 increase in short interest during the month of August. As of August 31st, there was short interest totalling 202,500 shares, an increase of 31.2% from the August 15th total of 154,300 shares. Based on an average daily volume of 96,100 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several large investors have recently bought and sold shares of BLW. Blue Zone Wealth Advisors LLC increased its position in shares of BlackRock Limited Duration Income Trust by 3.6% during the first quarter. Blue Zone Wealth Advisors LLC now owns 427,010 shares of the investment management company’s stock worth $5,991,000 after purchasing an additional 14,917 shares in the last quarter. GraniteShares Advisors LLC lifted its stake in BlackRock Limited Duration Income Trust by 14.2% in the second quarter. GraniteShares Advisors LLC now owns 140,177 shares of the investment management company’s stock valued at $1,957,000 after buying an additional 17,482 shares during the last quarter. Verity Asset Management Inc. acquired a new stake in shares of BlackRock Limited Duration Income Trust in the fourth quarter valued at approximately $747,000. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock Limited Duration Income Trust by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,352 shares of the investment management company’s stock valued at $648,000 after acquiring an additional 1,175 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of 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 acquiring an additional 1,314 shares during the last quarter.

BlackRock Limited Duration Income Trust Stock Up 0.2 %

Shares of NYSE:BLW traded up $0.02 during trading on Monday, hitting $14.52. 147,524 shares of the company were exchanged, compared to its average volume of 92,582. The firm’s 50 day moving average price is $14.21 and its 200-day moving average price is $13.96. BlackRock Limited Duration Income Trust has a 12-month low of $12.35 and a 12-month high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1132 per share. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.36 annualized dividend and a yield of 9.36%. The ex-dividend date is Tuesday, October 15th.

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.