Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Update

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 128,048 shares, an increase of 504.4% from the May 31st total of 21,187 shares. Based on an average daily trading volume, of 251,324 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. grew its position in shares of Franklin Limited Duration Income Trust by 3.8% in the 2nd quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock worth $5,277,000 after buying an additional 30,220 shares during the last quarter. Absolute Investment Advisers LLC bought a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter valued at approximately $3,023,000. Wolverine Asset Management LLC raised its holdings in shares of 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 valued at $1,569,000 after acquiring an additional 243,859 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Franklin Limited Duration Income Trust by 2.6% in 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. Finally, Rareview Capital LLC lifted its stake in Franklin Limited Duration Income Trust by 9.5% in the fourth quarter. Rareview Capital LLC now owns 208,656 shares of the company’s stock worth $1,340,000 after acquiring an additional 18,170 shares during the period.

Franklin Limited Duration Income Trust Trading Up 0.3%

FTF traded up $0.02 during trading on Friday, hitting $5.77. 166,762 shares of the stock traded hands, compared to its average volume of 201,016. The firm has a 50-day moving average of $5.86 and a 200 day moving average of $5.99. Franklin Limited Duration Income Trust has a 12-month low of $5.70 and a 12-month high of $6.55.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Tuesday, June 23rd.

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.