Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Rises By 52.4%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 60,821 shares, an increase of 52.4% from the February 26th total of 39,896 shares. Based on an average daily volume of 216,082 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Franklin Limited Duration Income Trust

Several institutional investors have recently modified their holdings of the company. City of London Investment Management Co. Ltd. raised its stake in shares of Franklin Limited Duration Income Trust by 82.7% in the third quarter. City of London Investment Management Co. Ltd. now owns 59,915 shares of the company’s stock valued at $382,000 after purchasing an additional 27,112 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Franklin Limited Duration Income Trust by 10.2% during the third quarter. Kingsview Wealth Management LLC now owns 29,648 shares of the company’s stock worth $189,000 after buying an additional 2,736 shares in the last quarter. Powell Investment Advisors LLC boosted its stake in Franklin Limited Duration Income Trust by 6.1% during the third quarter. Powell Investment Advisors LLC now owns 59,383 shares of the company’s stock worth $378,000 after buying an additional 3,401 shares in the last quarter. Integrity Advisory Solutions LLC bought a new stake in Franklin Limited Duration Income Trust in the 3rd quarter valued at $100,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Franklin Limited Duration Income Trust by 144.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 138,003 shares of the company’s stock valued at $879,000 after buying an additional 81,595 shares during the period.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF opened at $5.70 on Monday. The firm has a 50-day simple moving average of $6.08 and a 200 day simple moving average of $6.16. Franklin Limited Duration Income Trust has a twelve month low of $5.57 and a twelve month high of $6.55.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a $0.0615 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a yield of 12.9%.

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.