Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 67.2% in April

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant 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 trading volume of 137,693 shares, the days-to-cover ratio is presently 0.2 days.

Franklin Limited Duration Income Trust Stock Down 1.2%

Shares of NYSEAMERICAN FTF traded down $0.07 during midday trading on Friday, reaching $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 52-week low of $5.70 and a 52-week high of $6.55. The business’s fifty day moving average price is $5.90 and its two-hundred day moving average price is $6.06.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.0615 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Trading of Franklin Limited Duration Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eastern Bank bought a new stake in Franklin Limited Duration Income Trust in the third quarter valued at about $32,000. BlackDiamond Wealth Management LLC bought a new stake in Franklin Limited Duration Income Trust in the fourth quarter valued at about $63,000. Kovack Advisors Inc. bought a new stake in Franklin Limited Duration Income Trust in the third quarter valued at about $67,000. Azzad Asset Management Inc. ADV bought a new stake in Franklin Limited Duration Income Trust in the third quarter valued at about $67,000. Finally, Procyon Advisors LLC bought a new stake in Franklin Limited Duration Income Trust in the fourth quarter valued at about $67,000.

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.