Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Increases By 123.1%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 83,100 shares, an increase of 123.1% from the July 15th total of 37,242 shares. Based on an average daily volume of 184,902 shares, the days-to-cover ratio is currently 0.4 days.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF remained flat at $5.84 during midday trading on Friday. The stock had a trading volume of 138,304 shares, compared to its average volume of 205,621. The firm has a 50 day moving average of $5.79 and a 200 day moving average of $5.91. Franklin Limited Duration Income Trust has a 12 month low of $5.68 and a 12 month high of $6.52.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its position in shares of Franklin Limited Duration Income Trust by 1.8% during the 2nd quarter. Baird Financial Group Inc. now owns 91,674 shares of the company’s stock valued at $589,000 after purchasing an additional 1,581 shares in the last quarter. Royal Bank of Canada lifted its stake in Franklin Limited Duration Income Trust by 2.6% during the fourth quarter. Royal Bank of Canada now owns 65,625 shares of the company’s stock valued at $404,000 after purchasing an additional 1,642 shares during the last quarter. Accredited Investor Services LLC lifted its stake in Franklin Limited Duration Income Trust by 10.4% during the fourth quarter. Accredited Investor Services LLC now owns 22,819 shares of the company’s stock valued at $140,000 after purchasing an additional 2,156 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Franklin Limited Duration Income Trust by 13.2% during the third quarter. Moors & Cabot Inc. now owns 21,500 shares of the company’s stock worth $137,000 after buying an additional 2,500 shares in the last quarter. Finally, Integrity Advisory Solutions LLC boosted its holdings in Franklin Limited Duration Income Trust by 17.1% during the fourth quarter. Integrity Advisory Solutions LLC now owns 18,404 shares of the company’s stock worth $113,000 after buying an additional 2,684 shares in the last quarter.

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.