Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 21.8% in March

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a large increase in short interest during the month of 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 trading volume, of 179,092 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Franklin Limited Duration Income Trust

Several large investors have recently made changes to their positions in FTF. Royal Bank of Canada boosted its position in shares of Franklin Limited Duration Income Trust by 6.1% during the 1st quarter. Royal Bank of Canada now owns 69,079 shares of the company’s stock worth $446,000 after acquiring an additional 3,959 shares in the last quarter. Cetera Investment Advisers boosted 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 acquiring an additional 34,738 shares in the last quarter. Invesco Ltd. boosted 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 acquiring an additional 30,220 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Franklin Limited Duration Income Trust by 1.8% during the 2nd 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 in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Franklin Limited Duration Income Trust by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 172,847 shares of the company’s stock worth $1,110,000 after acquiring an additional 14,821 shares in the last quarter.

Franklin Limited Duration Income Trust Stock Performance

Shares of NYSEAMERICAN:FTF opened at $6.00 on Friday. The company’s 50 day moving average price is $5.98 and its two-hundred day moving average price is $6.10. Franklin Limited Duration Income Trust has a 12-month low of $5.70 and a 12-month high of $6.55.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Tuesday, June 23rd.

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.