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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large increase in short interest in 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 trading volume of 216,082 shares, the days-to-cover ratio is currently 0.3 days.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN FTF opened at $5.70 on Monday. The company 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 52-week low of $5.57 and a 52-week high of $6.55.

Franklin Limited Duration Income Trust Dividend Announcement

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

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of institutional investors have recently modified their holdings of the stock. Absolute Investment Advisers LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter valued at $3,023,000. Wolverine Asset Management LLC boosted 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 purchasing an additional 243,859 shares during the last quarter. Quarry LP purchased a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at about $1,185,000. Kingsview Wealth Management LLC grew its stake in Franklin Limited Duration Income Trust by 322.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 125,393 shares of the company’s stock valued at $771,000 after purchasing an additional 95,745 shares in the last quarter. Finally, Financially in Tune LLC acquired a new position in Franklin Limited Duration Income Trust in the 4th quarter worth about $510,000.

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.