Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Large Decrease in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 21,187 shares, a drop of 58.3% from the May 14th total of 50,851 shares. Based on an average daily volume of 215,150 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Limited Duration Income Trust Stock Up 0.2%

Shares of FTF traded up $0.01 during mid-day trading on Friday, hitting $5.79. 205,909 shares of the company’s stock were exchanged, compared to its average volume of 193,048. The stock’s 50-day simple moving average is $5.88 and its 200-day simple moving average is $6.02. Franklin Limited Duration Income Trust has a 52 week low of $5.70 and a 52 week high of $6.55.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors 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) annualized dividend and a dividend yield of 12.7%.

Institutional Trading of Franklin Limited Duration Income Trust

Several large investors have recently made changes to their positions in FTF. Absolute Investment Advisers LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $3,023,000. Wolverine Asset Management LLC boosted its position in shares of Franklin Limited Duration Income Trust by 2,180.8% during the 4th 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 in the last quarter. Quarry LP acquired a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $1,185,000. Kingsview Wealth Management LLC boosted its position in shares of Franklin Limited Duration Income Trust by 322.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 125,393 shares of the company’s stock worth $771,000 after acquiring an additional 95,745 shares in the last quarter. Finally, Financially in Tune LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $510,000.

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.