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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 40,879 shares, a decrease of 60.6% from the January 29th total of 103,632 shares. Based on an average daily volume of 136,862 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 136,862 shares, the days-to-cover ratio is presently 0.3 days.

Franklin Limited Duration Income Trust Price Performance

FTF traded up $0.03 during trading hours on Friday, reaching $6.12. 196,078 shares of the stock traded hands, compared to its average volume of 206,048. Franklin Limited Duration Income Trust has a fifty-two week low of $5.57 and a fifty-two week high of $6.59. The firm’s fifty day simple moving average is $6.17 and its two-hundred day simple moving average is $6.23.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.0615 dividend. The ex-dividend date is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 12.1%.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its holdings in shares of Franklin Limited Duration Income Trust by 1.8% in the 2nd quarter. Baird Financial Group Inc. now owns 91,674 shares of the company’s stock valued at $589,000 after buying an additional 1,581 shares during the period. Royal Bank of Canada lifted its holdings in Franklin Limited Duration Income Trust by 2.6% in the fourth quarter. Royal Bank of Canada now owns 65,625 shares of the company’s stock worth $404,000 after acquiring an additional 1,642 shares during the last quarter. Accredited Investor Services LLC lifted its holdings in Franklin Limited Duration Income Trust by 10.4% in the fourth quarter. Accredited Investor Services LLC now owns 22,819 shares of the company’s stock worth $140,000 after acquiring an additional 2,156 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Franklin Limited Duration Income Trust by 27.6% in the third quarter. Wolverine Asset Management LLC now owns 11,182 shares of the company’s stock valued at $71,000 after acquiring an additional 2,420 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in shares of 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 valued at $137,000 after purchasing an additional 2,500 shares during 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.