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

BlackRock Limited Duration Income Trust (NYSE:BLW) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 337,400 shares, an increase of 20.5% from the December 15th total of 280,000 shares. Based on an average daily volume of 90,200 shares, the days-to-cover ratio is presently 3.7 days.

BlackRock Limited Duration Income Trust Stock Performance

Shares of NYSE:BLW opened at $14.25 on Friday. The firm’s 50 day moving average is $14.22 and its two-hundred day moving average is $14.26. BlackRock Limited Duration Income Trust has a 52 week low of $13.24 and a 52 week high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.1132 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 9.53%. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BLW. MML Investors Services LLC raised its stake in shares of BlackRock Limited Duration Income Trust by 14.2% during the third quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock valued at $217,000 after purchasing an additional 1,864 shares in the last quarter. Prospera Financial Services Inc increased its stake in BlackRock Limited Duration Income Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock valued at $178,000 after buying an additional 1,939 shares during the period. Principal Securities Inc. raised its position in shares of BlackRock Limited Duration Income Trust by 95.3% during the 3rd 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 in the last quarter. Consolidated Portfolio Review Corp lifted its stake in shares of BlackRock Limited Duration Income Trust by 3.3% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock worth $397,000 after acquiring an additional 876 shares during the period. Finally, Annex Advisory Services LLC bought a new position in shares of BlackRock Limited Duration Income Trust in the third quarter valued at approximately $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.