Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Large Growth in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 74,052 shares, an increase of 21.8% from the March 15th total of 60,821 shares. Based on an average daily volume of 179,092 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently made changes to their positions in FTF. Eastern Bank bought a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at about $32,000. BlackDiamond Wealth Management LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the fourth quarter worth about $63,000. Kovack Advisors Inc. acquired a new position in shares of Franklin Limited Duration Income Trust in the third quarter worth about $67,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Franklin Limited Duration Income Trust in the third quarter worth about $67,000. Finally, Procyon Advisors LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the fourth quarter worth about $67,000.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN:FTF opened at $5.96 on Friday. Franklin Limited Duration Income Trust has a twelve month low of $5.70 and a twelve month high of $6.55. The company has a 50-day moving average of $5.99 and a 200-day moving average of $6.11.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.0615 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 12.4%.

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.