Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 52.4% in March

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 60,821 shares, a growth of 52.4% from the February 26th total of 39,896 shares. Based on an average daily trading volume, of 216,082 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FTF. Baird Financial Group Inc. raised its stake in shares of 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 purchasing an additional 1,581 shares during the last quarter. Royal Bank of Canada grew its position in Franklin Limited Duration Income Trust by 2.6% in the 4th quarter. Royal Bank of Canada now owns 65,625 shares of the company’s stock valued at $404,000 after buying an additional 1,642 shares during the last quarter. Accredited Investor Services LLC increased its stake in Franklin Limited Duration Income Trust by 10.4% in the 4th quarter. Accredited Investor Services LLC now owns 22,819 shares of the company’s stock valued at $140,000 after buying an additional 2,156 shares during the period. Wolverine Asset Management LLC raised its position in Franklin Limited Duration Income Trust by 27.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 11,182 shares of the company’s stock worth $71,000 after buying an additional 2,420 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in Franklin Limited Duration Income Trust by 13.2% during the 3rd quarter. Moors & Cabot Inc. now owns 21,500 shares of the company’s stock worth $137,000 after buying an additional 2,500 shares during the last quarter.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF stock opened at $5.70 on Friday. Franklin Limited Duration Income Trust has a 52-week low of $5.57 and a 52-week high of $6.55. The stock’s 50-day moving average price is $6.08 and its 200 day moving average price is $6.16.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.0615 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Tuesday, March 24th.

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.