Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 19,280 shares, a drop of 60.5% from the September 15th total of 48,766 shares. Based on an average daily volume of 224,051 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Franklin Limited Duration Income Trust
A number of large investors have recently bought and sold shares of the stock. Byrne Asset Management LLC lifted its holdings in Franklin Limited Duration Income Trust by 1.3% during the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock valued at $1,321,000 after purchasing an additional 3,260 shares during the last quarter. Bank of America Corp DE boosted its position in Franklin Limited Duration Income Trust by 5.4% in the first quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock valued at $1,125,000 after buying an additional 9,928 shares in the last quarter. Cetera Investment Advisers grew its stake in Franklin Limited Duration Income Trust by 2.9% during the first quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock worth $1,066,000 after buying an additional 5,210 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Franklin Limited Duration Income Trust during the second quarter worth about $899,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Franklin Limited Duration Income Trust by 59.4% during the first quarter. International Assets Investment Management LLC now owns 126,111 shares of the company’s stock worth $736,000 after buying an additional 47,011 shares in the last quarter.
Franklin Limited Duration Income Trust Trading Down 0.7%
Shares of FTF stock traded down $0.04 during trading hours on Tuesday, hitting $5.34. The company had a trading volume of 130,890 shares, compared to its average volume of 203,476. Franklin Limited Duration Income Trust has a 12 month low of $5.30 and a 12 month high of $6.35. The firm’s fifty day moving average is $5.64 and its 200 day moving average is $5.77.
Franklin Limited Duration Income Trust Company Profile
Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.
The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.
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