BlackRock Limited Duration Income Trust (NYSE:BLW) Short Interest Up 30.5% in October

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 267,100 shares, a growth of 30.5% from the October 15th total of 204,700 shares. Based on an average daily volume of 101,500 shares, the short-interest ratio is currently 2.6 days.

BlackRock Limited Duration Income Trust Stock Down 0.1 %

Shares of BLW opened at $14.19 on Friday. BlackRock Limited Duration Income Trust has a twelve month low of $12.85 and a twelve month high of $14.63. The firm’s 50 day moving average price is $14.38 and its two-hundred day moving average price is $14.11.

BlackRock Limited Duration Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.1132 dividend. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.36 annualized dividend and a yield of 9.57%. The ex-dividend date is Friday, November 15th.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. lifted its stake in BlackRock Limited Duration Income Trust by 95.3% in the 3rd quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock valued at $3,097,000 after acquiring an additional 104,388 shares in the last quarter. GraniteShares Advisors LLC raised its holdings in shares of BlackRock Limited Duration Income Trust by 14.2% in the second quarter. GraniteShares Advisors LLC now owns 140,177 shares of the investment management company’s stock valued at $1,957,000 after purchasing an additional 17,482 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of BlackRock Limited Duration Income Trust by 3.3% in the third quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock worth $397,000 after purchasing an additional 876 shares in the last quarter. Rockport Wealth LLC acquired a new position in BlackRock Limited Duration Income Trust during the first quarter worth $374,000. Finally, Annex Advisory Services LLC bought a new position in BlackRock Limited Duration Income Trust in the third quarter valued at $223,000.

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.