Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 19.9% in December

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 56,035 shares, a drop of 19.9% from the December 15th total of 69,998 shares. Based on an average daily volume of 194,512 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 194,512 shares, the days-to-cover ratio is presently 0.3 days.

Franklin Limited Duration Income Trust Trading Up 0.1%

Shares of FTF traded up $0.01 during trading hours on Tuesday, hitting $6.23. 110,654 shares of the stock were exchanged, compared to its average volume of 216,951. Franklin Limited Duration Income Trust has a fifty-two week low of $5.57 and a fifty-two week high of $6.71. The business has a 50-day moving average of $6.12 and a 200-day moving average of $6.28.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a $0.0615 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 11.9%.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of hedge funds have recently added to or reduced their stakes in FTF. Procyon Advisors LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $67,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Franklin Limited Duration Income Trust during the third quarter valued at about $197,000. Moors & Cabot Inc. grew its stake in shares of Franklin Limited Duration Income Trust by 13.2% in the 3rd quarter. Moors & Cabot Inc. now owns 21,500 shares of the company’s stock valued at $137,000 after buying an additional 2,500 shares during the period. Millennium Management LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the third quarter valued at approximately $147,000. Finally, City of London Investment Management Co. Ltd. increased its holdings in shares of Franklin Limited Duration Income Trust by 82.7% during 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 acquiring an additional 27,112 shares in the last quarter.

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.