Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Increases By 24.4%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 265,700 shares, an increase of 24.4% from the January 31st total of 213,600 shares. Based on an average trading volume of 99,000 shares, the days-to-cover ratio is currently 2.7 days.

BlackRock Limited Duration Income Trust Stock Up 0.1 %

BLW stock traded up $0.01 during mid-day trading on Friday, hitting $14.19. The company had a trading volume of 32,187 shares, compared to its average volume of 98,720. The company has a 50-day moving average price of $14.24 and a 200 day moving average price of $14.30. BlackRock Limited Duration Income Trust has a 12-month low of $13.24 and a 12-month high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.1132 per share. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date is Friday, March 14th. This represents a $1.36 dividend on an annualized basis and a yield of 9.57%.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds have recently made changes to their positions in BLW. Prospera Financial Services Inc increased its stake in BlackRock Limited Duration Income Trust by 18.7% during the third quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after acquiring an additional 1,939 shares during the last quarter. Round Rock Advisors LLC purchased a new position in BlackRock Limited Duration Income Trust during the fourth quarter worth $190,000. MML Investors Services LLC boosted its stake 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 worth $217,000 after purchasing an additional 1,864 shares during the period. Comerica Bank grew its holdings in BlackRock Limited Duration Income Trust by 13.5% during the 4th quarter. Comerica Bank now owns 38,876 shares of the investment management company’s stock valued at $549,000 after purchasing an additional 4,617 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its position in BlackRock Limited Duration Income Trust by 18.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 51,320 shares of the investment management company’s stock worth $725,000 after purchasing an additional 8,094 shares during the period.

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.