Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 21,187 shares, a decrease of 58.3% from the May 14th total of 50,851 shares. Based on an average trading volume of 215,150 shares, the short-interest ratio is currently 0.1 days.
Franklin Limited Duration Income Trust Stock Performance
NYSEAMERICAN:FTF opened at $5.78 on Friday. The company has a fifty day moving average of $5.88 and a two-hundred day moving average of $6.02. Franklin Limited Duration Income Trust has a fifty-two week low of $5.70 and a fifty-two week high of $6.55.
Franklin Limited Duration Income Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.0615 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 12.8%.
Hedge Funds Weigh In On Franklin Limited Duration Income Trust
Franklin Limited Duration Income Trust Company Profile
Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.
To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.
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