Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 16.3% in March

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 77,900 shares, a drop of 16.3% from the March 15th total of 93,100 shares. Based on an average trading volume of 207,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Franklin Limited Duration Income Trust

Several large investors have recently made changes to their positions in FTF. Anfield Capital Management LLC bought a new position in Franklin Limited Duration Income Trust during the fourth quarter worth about $57,000. Uniting Wealth Partners LLC bought a new position in Franklin Limited Duration Income Trust during the fourth quarter worth $66,000. Commonwealth Equity Services LLC acquired a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth approximately $67,000. Park Avenue Securities LLC acquired a new position in Franklin Limited Duration Income Trust in the first quarter valued at approximately $70,000. Finally, Mariner LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $76,000.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF stock traded down $0.06 during mid-day trading on Monday, reaching $6.09. The stock had a trading volume of 22,913 shares, compared to its average volume of 204,329. Franklin Limited Duration Income Trust has a one year low of $5.57 and a one year high of $6.83. The firm’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $6.40.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 12.13%. The ex-dividend date is Thursday, April 17th.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.