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

BlackRock Limited Duration Income Trust (NYSE:BLW) saw a significant decline in short interest in 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 Stock Performance

NYSE:BLW traded up $0.01 during mid-day trading on Friday, reaching $14.33. The stock had a trading volume of 69,085 shares, compared to its average volume of 93,278. The stock has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $14.16. BlackRock Limited Duration Income Trust has a 12 month low of $13.05 and a 12 month high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BLW. Principal Securities Inc. grew its stake in shares of BlackRock Limited Duration Income Trust by 95.3% during the third quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock worth $3,097,000 after buying an additional 104,388 shares during the last quarter. GraniteShares Advisors LLC grew its stake 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 worth $1,957,000 after purchasing an additional 17,482 shares during the last quarter. Consolidated Portfolio Review Corp grew its stake 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 during the last quarter. Annex Advisory Services LLC bought a new stake in shares of BlackRock Limited Duration Income Trust in the third quarter worth $223,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of BlackRock Limited Duration Income Trust in the second quarter worth $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.