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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 23,764 shares, a drop of 67.2% from the April 15th total of 72,561 shares. Based on an average trading volume of 137,693 shares, the short-interest ratio is currently 0.2 days.

Franklin Limited Duration Income Trust Stock Down 1.2%

Franklin Limited Duration Income Trust stock traded down $0.07 during trading hours on Friday, hitting $5.87. The stock had a trading volume of 148,337 shares, compared to its average volume of 184,346. Franklin Limited Duration Income Trust has a 12-month low of $5.70 and a 12-month high of $6.55. The stock’s 50-day moving average price is $5.90 and its 200-day moving average price is $6.06.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.0615 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

Institutional Trading of Franklin Limited Duration Income Trust

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its stake in shares of Franklin Limited Duration Income Trust by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 1,068,252 shares of the company’s stock worth $6,805,000 after acquiring an additional 27,423 shares during the period. Invesco Ltd. grew its position in Franklin Limited Duration Income Trust by 3.8% during the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock valued at $5,277,000 after buying an additional 30,220 shares during the period. Absolute Investment Advisers LLC bought a new stake in Franklin Limited Duration Income Trust during the fourth quarter valued at approximately $3,023,000. Wolverine Asset Management LLC grew its position in 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 buying an additional 243,859 shares during the period. Finally, Osaic Holdings Inc. grew its position in Franklin Limited Duration Income Trust by 2.6% during the fourth quarter. Osaic Holdings Inc. now owns 241,923 shares of the company’s stock valued at $1,488,000 after buying an additional 6,101 shares during the period.

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.