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

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 235,400 shares, a decline of 11.9% from the October 31st total of 267,100 shares. Based on an average daily trading volume, of 99,400 shares, the short-interest ratio is currently 2.4 days.

BlackRock Limited Duration Income Trust Price Performance

BLW stock traded up $0.01 during midday trading on Friday, hitting $14.33. The stock had a trading volume of 69,085 shares, compared to its average volume of 93,278. BlackRock Limited Duration Income Trust has a 1-year low of $13.05 and a 1-year high of $14.63. The business has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $14.16.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.1132 dividend. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.36 annualized dividend and a yield of 9.48%.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Luken Investment Analytics LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the second quarter valued at about $35,000. Virtu Financial LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust in the 1st quarter worth about $165,000. Prospera Financial Services Inc raised its holdings in shares of 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 worth $178,000 after acquiring an additional 1,939 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of 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 worth $217,000 after acquiring an additional 1,864 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust in the 2nd quarter worth about $210,000.

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.