BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Update

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 337,400 shares, a growth of 20.5% from the December 15th total of 280,000 shares. Based on an average daily volume of 90,200 shares, the short-interest ratio is presently 3.7 days.

BlackRock Limited Duration Income Trust Stock Performance

BLW stock traded up $0.10 during mid-day trading on Friday, hitting $14.25. The company had a trading volume of 78,208 shares, compared to its average volume of 78,683. BlackRock Limited Duration Income Trust has a 12 month low of $13.24 and a 12 month high of $14.63. The stock’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $14.26.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.1132 dividend. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 9.53%.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. boosted its position in BlackRock Limited Duration Income Trust by 95.3% during the third quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock worth $3,097,000 after purchasing an additional 104,388 shares during the period. Consolidated Portfolio Review Corp lifted its stake in shares of BlackRock Limited Duration Income Trust by 3.3% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock valued at $397,000 after buying an additional 876 shares in the last quarter. Annex Advisory Services LLC bought a new position in BlackRock Limited Duration Income Trust in the 3rd quarter worth approximately $223,000. MML Investors Services LLC grew its stake in BlackRock Limited Duration Income Trust by 14.2% in the 3rd quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock valued at $217,000 after buying an additional 1,864 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in BlackRock Limited Duration Income Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock valued at $178,000 after buying an additional 1,939 shares in the last quarter.

BlackRock Limited Duration Income Trust Company Profile

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.