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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large increase in short interest during 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 days-to-cover ratio is currently 0.4 days.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF stock remained flat at $5.84 during mid-day trading on Friday. 138,304 shares of the stock were exchanged, compared to its average volume of 205,621. The company has a fifty day moving average price of $5.79 and a 200 day moving average price of $5.91. Franklin Limited Duration Income Trust has a twelve month low of $5.68 and a twelve month high of $6.52.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be given a $0.0615 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 12.6%.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently modified their holdings of the stock. Uniting Wealth Partners LLC bought a new stake in Franklin Limited Duration Income Trust in the second quarter valued at about $58,000. BlackDiamond Wealth Management LLC bought a new position in Franklin Limited Duration Income Trust during the 4th quarter worth approximately $63,000. Stephens Inc. AR acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter worth approximately $68,000. Global Retirement Partners LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter worth approximately $89,000. Finally, Integrity Advisory Solutions LLC increased its holdings in shares of Franklin Limited Duration Income Trust by 17.1% in the 4th quarter. Integrity Advisory Solutions LLC now owns 18,404 shares of the company’s stock valued at $113,000 after acquiring an additional 2,684 shares during the last quarter.

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.