Short-term stake in BlackRock Limited Duration Income Trust (NYSE:BLW) rises 61.8%


BlackRock Limited Duration Income Trust (NYSE: BLW – Get Rating) benefited from a significant increase in short-term interest rates in April. As of April 15, there was short interest totaling 21,200 shares, a 61.8% increase from the March 31 total of 13,100 shares. Based on an average trading volume of 138,000 shares, the day-to-cover ratio is currently 0.2 days.

Institutional investors have recently increased or reduced their stake in the company. Citigroup Inc. acquired a new stock position in BlackRock Limited Duration Income Trust in the third quarter valued at around $33,000. Missouri Trust & Investment Co acquired a new stock position in BlackRock Limited Duration Income Trust in the fourth quarter valued at approximately $53,000. Confluence Wealth Services Inc. acquired a new stake in BlackRock Limited Duration Income Trust during Q4, valued at approximately $145,000. OTA Financial Group LP acquired a new stake in BlackRock Limited Duration Income Trust during Q1, valued at approximately $228,000. Finally, Altus Wealth Group LLC increased its position in BlackRock Limited Duration Income Trust by 4.5% during the third quarter. Altus Wealth Group LLC now owns 13,533 shares of the investment management company valued at $231,000 after purchasing an additional 583 shares during the period.

NYSE BLW traded at $0.23 during Friday trading, reaching $14.00. 122,341 shares of the company were traded, against an average volume of 140,432. BlackRock Limited Duration Income Trust has a fifty-two week low of $13.60 and a fifty-two week high of $17.64. The stock’s 50-day moving average price is $14.19 and its two-hundred-day moving average price is $15.59.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 29. Shareholders of record on Thursday, April 14 received a dividend of $0.098. This represents an annualized dividend of $1.18 and a dividend yield of 8.40%. The ex-dividend date was Wednesday, April 13.

BlackRock Limited Duration Income Trust Company Profile (Get an evaluation)

BlackRock Limited Duration Income Trust is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in US fixed income securities. It invests in securities of companies operating in diversified sectors. The fund invests primarily in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US government and agency securities, and floating rate senior secured loans.

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