BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Up 86.8% in February

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 135,600 shares, a growth of 86.8% from the February 14th total of 72,600 shares. Based on an average daily volume of 95,800 shares, the days-to-cover ratio is currently 1.4 days.

BlackRock Limited Duration Income Trust Trading Down 0.1 %

BLW traded down $0.02 during trading on Friday, hitting $14.00. 43,927 shares of the stock were exchanged, compared to its average volume of 82,402. The firm has a 50 day simple moving average of $13.94 and a 200 day simple moving average of $13.38. BlackRock Limited Duration Income Trust has a 1 year low of $12.35 and a 1 year high of $14.26.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.108 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.30 annualized dividend and a yield of 9.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Carmichael Hill & Associates Inc. increased its holdings in shares of BlackRock Limited Duration Income Trust by 7.8% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 14,488 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 1,054 shares during the period. NewEdge Advisors LLC boosted its position in shares of BlackRock Limited Duration Income Trust by 2.0% in the 1st quarter. NewEdge Advisors LLC now owns 59,050 shares of the investment management company’s stock worth $768,000 after purchasing an additional 1,151 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of BlackRock Limited Duration Income Trust by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,352 shares of the investment management company’s stock worth $648,000 after purchasing an additional 1,175 shares in the last quarter. Pointe Capital Management LLC boosted its position in shares of BlackRock Limited Duration Income Trust by 5.3% in the 3rd quarter. Pointe Capital Management LLC now owns 25,965 shares of the investment management company’s stock worth $334,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of BlackRock Limited Duration Income Trust by 4.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 45,802 shares of the investment management company’s stock worth $554,000 after purchasing an additional 1,749 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.