BlackRock Limited Duration Income Trust (NYSE:BLW) Sees Large Drop in Short Interest

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 126,500 shares, a drop of 13.6% from the March 15th total of 146,400 shares. Based on an average daily volume of 88,900 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Morgan Stanley grew its position in BlackRock Limited Duration Income Trust by 8.8% during the fourth quarter. Morgan Stanley now owns 3,953,245 shares of the investment management company’s stock worth $51,669,000 after buying an additional 318,333 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of BlackRock Limited Duration Income Trust by 36.2% during the 2nd quarter. Wells Fargo & Company MN now owns 489,757 shares of the investment management company’s stock valued at $6,196,000 after acquiring an additional 130,257 shares during the period. Principal Securities Inc. acquired a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter worth $1,750,000. UBS Group AG increased its position in shares of BlackRock Limited Duration Income Trust by 11.2% in the first quarter. UBS Group AG now owns 1,171,875 shares of the investment management company’s stock worth $16,805,000 after purchasing an additional 117,650 shares during the period. Finally, GraniteShares Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust in the fourth quarter valued at about $1,497,000.

BlackRock Limited Duration Income Trust Stock Down 0.0 %

Shares of BLW traded down $0.01 during midday trading on Tuesday, reaching $13.30. 117,677 shares of the stock were exchanged, compared to its average volume of 89,651. The stock’s 50 day simple moving average is $13.94 and its 200 day simple moving average is $13.51. BlackRock Limited Duration Income Trust has a twelve month low of $12.35 and a twelve month high of $14.26.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.108 per share. The ex-dividend date is Friday, April 12th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 9.75%.

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.