Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Declines By 67.2%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 23,764 shares, a decline 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.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN FTF traded down $0.07 during trading hours on Friday, hitting $5.87. 148,337 shares of the company’s stock were exchanged, compared to its average volume of 184,346. Franklin Limited Duration Income Trust has a 1-year low of $5.70 and a 1-year high of $6.55. The company’s 50-day moving average price is $5.90 and its 200-day moving average price is $6.06.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently disclosed 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. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in shares of Franklin Limited Duration Income Trust by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock worth $1,066,000 after purchasing an additional 5,210 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Franklin Limited Duration Income Trust by 83.2% during the 1st quarter. Procyon Advisors LLC now owns 19,819 shares of the company’s stock worth $116,000 after purchasing an additional 9,000 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Franklin Limited Duration Income Trust by 59.4% during the 1st quarter. International Assets Investment Management LLC now owns 126,111 shares of the company’s stock worth $736,000 after purchasing an additional 47,011 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Franklin Limited Duration Income Trust by 114.9% during the 1st quarter. Stephens Inc. AR now owns 23,662 shares of the company’s stock worth $138,000 after purchasing an additional 12,649 shares during the last quarter. Finally, Financially in Tune LLC acquired a new position in Franklin Limited Duration Income Trust in the 4th quarter valued at approximately $510,000.

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.