Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 67.2% in April

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 23,764 shares, a drop of 67.2% from the April 15th total of 72,561 shares. Based on an average daily volume of 137,693 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of large investors have recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Franklin Limited Duration Income Trust in the 3rd quarter worth about $32,000. BlackDiamond Wealth Management LLC purchased a new position in Franklin Limited Duration Income Trust during the 4th quarter valued at about $63,000. Procyon Advisors LLC purchased a new position in Franklin Limited Duration Income Trust during the 4th quarter valued at about $67,000. Kovack Advisors Inc. purchased a new position in Franklin Limited Duration Income Trust during the 3rd quarter valued at about $67,000. Finally, Azzad Asset Management Inc. ADV purchased a new position in Franklin Limited Duration Income Trust during the 3rd quarter valued at about $67,000.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF stock traded down $0.07 on Friday, hitting $5.87. 148,337 shares of the company’s stock traded hands, compared to its average volume of 184,346. Franklin Limited Duration Income Trust has a one year low of $5.70 and a one year high of $6.55. The company’s fifty day simple moving average is $5.90 and its 200 day simple moving average is $6.06.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0615 dividend. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.