Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 50,382 shares, a decrease of 60.7% from the June 15th total of 128,048 shares. Based on an average daily volume of 308,117 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Franklin Limited Duration Income Trust
Large investors have recently made changes to their positions in the company. BlackDiamond Wealth Management LLC acquired a new stake in Franklin Limited Duration Income Trust in the 4th quarter valued at approximately $63,000. Procyon Advisors LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the 4th quarter worth $67,000. Stephens Inc. AR acquired a new stake in Franklin Limited Duration Income Trust in the 4th quarter valued at about $68,000. Global Retirement Partners LLC bought a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth approximately $89,000. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of Franklin Limited Duration Income Trust by 59.1% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 16,750 shares of the company’s stock worth $103,000 after acquiring an additional 6,225 shares in the last quarter.
Franklin Limited Duration Income Trust Stock Performance
NYSEAMERICAN FTF traded up $0.03 during trading hours on Wednesday, reaching $5.85. The company’s stock had a trading volume of 176,636 shares, compared to its average volume of 203,462. Franklin Limited Duration Income Trust has a 52 week low of $5.70 and a 52 week high of $6.52. The business has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $5.97.
Franklin Limited Duration Income Trust Dividend Announcement
About Franklin Limited Duration Income Trust
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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