BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Down 66.7% in March

BlackRock Limited Duration Income Trust (NYSE:BLW – Get Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 13,100 shares, a decrease of 66.7% from the March 15th total of 39,300 shares. Based on an average trading volume of 137,500 shares, the days-to-cover ratio is currently 0.1 days.

BLW stock opened at $13.90 on Friday. The company’s 50-day moving average is $14.31 and its 200-day moving average is $15.80. BlackRock Limited Duration Income Trust has a 1 year low of $13.60 and a 1 year high of $17.64.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 14th will be issued a dividend of $0.098 per share. The ex-dividend date is Wednesday, April 13th. This represents a $1.18 annualized dividend and a dividend yield of 8.46%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. bought a new stake in BlackRock Limited Duration Income Trust during the 3rd quarter valued at $33,000. Spire Wealth Management purchased a new position in shares of BlackRock Limited Duration Income Trust during the third quarter valued at approximately $46,000. Missouri Trust & Investment Co bought a new stake in BlackRock Limited Duration Income Trust during the fourth quarter worth $53,000. Strategic Asset Management LLC purchased a new stake in BlackRock Limited Duration Income Trust in the 3rd quarter valued at $55,000. Finally, Confluence Wealth Services Inc. purchased a new stake in BlackRock Limited Duration Income Trust in the 4th quarter valued at $145,000.

About BlackRock Limited Duration Income Trust (Get Rating)

BlackRock Ltd. Duration Income Trust is a closed-end investment fund. Its investment objective is to provide current income and capital appreciation. The company was founded on July 13, 2003 and is headquartered in Wilmington, DE.

Featured Stories