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

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

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN:FTF opened at $5.78 on Friday. Franklin Limited Duration Income Trust has a twelve month low of $5.70 and a twelve month high of $6.55. The company’s 50 day moving average is $5.88 and its two-hundred day moving average is $6.02.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently announced 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. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Trading of Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of FTF. BlackDiamond Wealth Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter valued at approximately $63,000. Procyon Advisors LLC acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter valued at approximately $67,000. Kovack Advisors Inc. acquired a new stake in Franklin Limited Duration Income Trust during the 3rd quarter valued at approximately $67,000. Stephens Inc. AR acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter valued at approximately $68,000. Finally, Global Retirement Partners LLC acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter valued at approximately $89,000.

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.