Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Drops By 60.7%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 50,382 shares, a decrease of 60.7% from the June 15th total of 128,048 shares. Based on an average daily trading volume, of 308,117 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Franklin Limited Duration Income Trust by 6.1% during the first quarter. Royal Bank of Canada now owns 69,079 shares of the company’s stock worth $446,000 after purchasing an additional 3,959 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Franklin Limited Duration Income Trust by 46.1% during the 2nd quarter. Cetera Investment Advisers now owns 110,142 shares of the company’s stock worth $707,000 after buying an additional 34,738 shares in the last quarter. Invesco Ltd. lifted its position in shares of Franklin Limited Duration Income Trust by 3.8% during the 2nd quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock worth $5,277,000 after buying an additional 30,220 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Franklin Limited Duration Income Trust by 1.8% in the 2nd quarter. Baird Financial Group Inc. now owns 91,674 shares of the company’s stock worth $589,000 after buying an additional 1,581 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Franklin Limited Duration Income Trust by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 172,847 shares of the company’s stock worth $1,110,000 after buying an additional 14,821 shares during the last quarter.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN FTF opened at $5.81 on Monday. The business has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $5.97. Franklin Limited Duration Income Trust has a 12 month low of $5.70 and a 12 month high of $6.53.

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.