Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 58.3% in May

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

Institutional Trading of Franklin Limited Duration Income Trust

Several large investors have recently modified their holdings of the business. BlackDiamond Wealth Management LLC purchased a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at about $63,000. Procyon Advisors LLC purchased a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth approximately $67,000. Kovack Advisors Inc. acquired a new position in shares of Franklin Limited Duration Income Trust in the 3rd quarter valued at approximately $67,000. Stephens Inc. AR acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at approximately $68,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter valued at approximately $89,000.

Franklin Limited Duration Income Trust Trading Up 0.2%

Shares of NYSEAMERICAN FTF traded up $0.01 during trading on Friday, reaching $5.79. 205,909 shares of the stock were exchanged, compared to its average volume of 193,048. The business’s 50-day moving average price is $5.88 and its 200 day moving average price is $6.02. Franklin Limited Duration Income Trust has a twelve month low of $5.70 and a twelve month high of $6.55.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0615 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 12.7%.

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.