BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Down 50.2% in March

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 214,416 shares, a drop of 50.2% from the March 15th total of 430,985 shares. Based on an average trading volume of 204,134 shares, the days-to-cover ratio is currently 1.1 days.

BlackRock Limited Duration Income Trust Trading Up 0.2%

NYSE BLW opened at $12.74 on Friday. The company’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $13.63. BlackRock Limited Duration Income Trust has a 12 month low of $12.06 and a 12 month high of $14.30.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.1132 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds have recently modified their holdings of BLW. Baird Financial Group Inc. boosted its position in shares of BlackRock Limited Duration Income Trust by 2.0% in the second quarter. Baird Financial Group Inc. now owns 130,779 shares of the investment management company’s stock valued at $1,854,000 after acquiring an additional 2,576 shares during the period. Bank of America Corp DE boosted its position in shares of BlackRock Limited Duration Income Trust by 6.0% in the second quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock valued at $3,961,000 after acquiring an additional 15,861 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of BlackRock Limited Duration Income Trust in the second quarter valued at approximately $42,000. Osaic Holdings Inc. boosted its position in shares of BlackRock Limited Duration Income Trust by 3.6% in the second quarter. Osaic Holdings Inc. now owns 114,125 shares of the investment management company’s stock valued at $1,618,000 after acquiring an additional 3,982 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of BlackRock Limited Duration Income Trust in the third quarter valued at approximately $201,000.

BlackRock Limited Duration Income Trust Company Profile

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.