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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 128,048 shares, a growth of 504.4% from the May 31st total of 21,187 shares. Based on an average daily volume of 251,324 shares, the short-interest ratio is currently 0.5 days.

Franklin Limited Duration Income Trust Stock Up 0.1%

NYSEAMERICAN:FTF traded up $0.01 during mid-day trading on Friday, reaching $5.75. The stock had a trading volume of 88,016 shares, compared to its average volume of 200,276. Franklin Limited Duration Income Trust has a 1-year low of $5.70 and a 1-year high of $6.55. The stock’s 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $6.00.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0615 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. raised its stake in Franklin Limited Duration Income Trust by 1.8% during the second quarter. Baird Financial Group Inc. now owns 91,674 shares of the company’s stock worth $589,000 after acquiring an additional 1,581 shares during the period. Royal Bank of Canada raised its position in shares of Franklin Limited Duration Income Trust by 2.6% during the 4th quarter. Royal Bank of Canada now owns 65,625 shares of the company’s stock worth $404,000 after purchasing an additional 1,642 shares during the period. Accredited Investor Services LLC raised its position in shares of Franklin Limited Duration Income Trust by 10.4% during the 4th quarter. Accredited Investor Services LLC now owns 22,819 shares of the company’s stock worth $140,000 after purchasing an additional 2,156 shares during the period. Moors & Cabot Inc. lifted its holdings 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 worth $137,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Integrity Advisory Solutions LLC boosted its position in Franklin Limited Duration Income Trust by 17.1% during the 4th quarter. Integrity Advisory Solutions LLC now owns 18,404 shares of the company’s stock valued at $113,000 after purchasing an additional 2,684 shares during the period.

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.