Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Declines By 58.3%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTFGet 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

A number of large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in Franklin Limited Duration Income Trust by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 1,068,252 shares of the company’s stock worth $6,805,000 after acquiring an additional 27,423 shares during the period. Invesco Ltd. raised its position in Franklin Limited Duration Income Trust by 3.8% during the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock worth $5,277,000 after acquiring an additional 30,220 shares during the period. Absolute Investment Advisers LLC acquired a new position in Franklin Limited Duration Income Trust during the fourth quarter worth $3,023,000. Wolverine Asset Management LLC raised its position in Franklin Limited Duration Income Trust by 2,180.8% during the fourth quarter. Wolverine Asset Management LLC now owns 255,041 shares of the company’s stock worth $1,569,000 after acquiring an additional 243,859 shares during the period. Finally, Osaic Holdings Inc. raised its position in Franklin Limited Duration Income Trust by 2.6% during the fourth quarter. Osaic Holdings Inc. now owns 241,923 shares of the company’s stock worth $1,488,000 after acquiring an additional 6,101 shares during the period.

Franklin Limited Duration Income Trust Company Profile

(Get Free Report)

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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