Short Interest in BlackRock Limited Duration Income Trust (NYSE:BLW) Decreases By 60.3%

BlackRock Limited Duration Income Trust (NYSE:BLW) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,958 shares, a decline of 60.3% from the April 30th total of 12,490 shares. Based on an average daily volume of 109,880 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC purchased a new position in shares of BlackRock Limited Duration Income Trust in the third quarter valued at about $1,972,000. UBS Group AG increased its position in shares of BlackRock Limited Duration Income Trust by 7.4% in the fourth quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock valued at $9,583,000 after acquiring an additional 48,276 shares during the period. Verity Asset Management Inc. increased its position in shares of BlackRock Limited Duration Income Trust by 2.3% in the third quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock valued at $780,000 after acquiring an additional 1,243 shares during the period. Janney Montgomery Scott LLC increased its position in shares of BlackRock Limited Duration Income Trust by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,845 shares of the investment management company’s stock valued at $561,000 after acquiring an additional 2,169 shares during the period. Finally, Kestra Advisory Services LLC increased its position in shares of BlackRock Limited Duration Income Trust by 66.4% in the fourth quarter. Kestra Advisory Services LLC now owns 37,915 shares of the investment management company’s stock valued at $521,000 after acquiring an additional 15,125 shares during the period.

BlackRock Limited Duration Income Trust Stock Performance

BlackRock Limited Duration Income Trust stock traded up $0.01 during mid-day trading on Friday, hitting $12.55. The company’s stock had a trading volume of 164,640 shares, compared to its average volume of 124,099. The business has a 50 day moving average price of $12.63 and a 200-day moving average price of $13.33. BlackRock Limited Duration Income Trust has a 12 month low of $12.06 and a 12 month high of $14.30.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide shareholders with high current income while maintaining a low portfolio duration. The trust primarily invests in a diversified portfolio of investment-grade corporate bonds, mortgage-backed securities and other fixed-income instruments. By focusing on limited-duration securities, BLW aims to reduce interest rate sensitivity relative to broad bond market benchmarks.

Launched in 2011, BLW is managed by a team of fixed-income specialists at BlackRock Advisors LLC, drawing on the firm’s global credit research capabilities and risk-management infrastructure.