Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Grows By 114.0%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 50,851 shares, a growth of 114.0% from the April 30th total of 23,764 shares. Based on an average daily volume of 152,634 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Hedge funds have recently bought and sold shares of the stock. Absolute Investment Advisers LLC purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth approximately $3,023,000. Wolverine Asset Management LLC increased its position in shares of Franklin Limited Duration Income Trust by 2,180.8% in 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 in the last quarter. Apollon Wealth Management LLC increased its position in shares of Franklin Limited Duration Income Trust by 7.5% in the fourth quarter. Apollon Wealth Management LLC now owns 51,300 shares of the company’s stock valued at $315,000 after buying an additional 3,571 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Franklin Limited Duration Income Trust by 59.1% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 16,750 shares of the company’s stock valued at $103,000 after buying an additional 6,225 shares in the last quarter. Finally, Procyon Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $67,000.

Franklin Limited Duration Income Trust Price Performance

Franklin Limited Duration Income Trust stock opened at $5.88 on Monday. Franklin Limited Duration Income Trust has a 52 week low of $5.70 and a 52 week high of $6.55. The stock has a 50-day moving average price of $5.88 and a 200 day moving average price of $6.03.

Franklin Limited Duration Income Trust Announces Dividend

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

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.