Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 60.7% in June

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 50,382 shares, a drop of 60.7% from the June 15th total of 128,048 shares. Based on an average daily trading volume, of 308,117 shares, the days-to-cover ratio is presently 0.2 days.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF traded up $0.02 on Tuesday, hitting $5.82. 181,167 shares of the company’s stock traded hands, compared to its average volume of 203,650. Franklin Limited Duration Income Trust has a 1-year low of $5.70 and a 1-year high of $6.53. The firm’s 50-day moving average price is $5.83 and its two-hundred day moving average price is $5.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackDiamond Wealth Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth about $63,000. Procyon Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter valued at about $67,000. Stephens Inc. AR acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at about $68,000. Global Retirement Partners LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at about $89,000. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of Franklin Limited Duration Income Trust by 59.1% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 16,750 shares of the company’s stock worth $103,000 after buying an additional 6,225 shares during 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.