Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 504.4% in June

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 128,048 shares, an increase of 504.4% from the May 31st total of 21,187 shares. Based on an average daily trading volume, of 251,324 shares, the days-to-cover ratio is presently 0.5 days.

Franklin Limited Duration Income Trust Stock Performance

Shares of NYSEAMERICAN:FTF traded up $0.01 during mid-day trading on Friday, hitting $5.75. 88,016 shares of the company traded hands, compared to its average volume of 200,276. The firm’s 50 day simple moving average is $5.86 and its 200 day simple moving average is $6.00. Franklin Limited Duration Income Trust has a 52-week low of $5.70 and a 52-week high of $6.55.

Franklin Limited Duration Income Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTF. BlackDiamond Wealth Management LLC acquired a new position in Franklin Limited Duration Income Trust in the 4th quarter worth $63,000. Procyon Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust during the fourth quarter worth about $67,000. Stephens Inc. AR bought a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter worth $68,000. Global Retirement Partners LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter worth $89,000. Finally, Integrity Advisory Solutions LLC acquired a new stake in Franklin Limited Duration Income Trust in the third quarter valued at $100,000.

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.