Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Increases By 123.1%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 83,100 shares, an increase of 123.1% from the July 15th total of 37,242 shares. Based on an average daily trading volume, of 184,902 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Uniting Wealth Partners LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth about $58,000. BlackDiamond Wealth Management LLC bought a new position in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $63,000. Stephens Inc. AR acquired a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter valued at approximately $68,000. Global Retirement Partners LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter valued at approximately $89,000. Finally, Integrity Advisory Solutions LLC raised its holdings in Franklin Limited Duration Income Trust by 17.1% during the fourth quarter. Integrity Advisory Solutions LLC now owns 18,404 shares of the company’s stock worth $113,000 after purchasing an additional 2,684 shares in the last quarter.

Franklin Limited Duration Income Trust Price Performance

FTF remained flat at $5.84 during trading hours on Friday. The company had a trading volume of 138,304 shares, compared to its average volume of 205,621. The business’s fifty day moving average is $5.79 and its 200-day moving average is $5.91. Franklin Limited Duration Income Trust has a 12-month low of $5.68 and a 12-month high of $6.52.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Wednesday, September 23rd.

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.