Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 60.6% in February

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 40,879 shares, a decline of 60.6% from the January 29th total of 103,632 shares. Based on an average daily volume of 136,862 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 136,862 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 3.0% in the second quarter. Penserra Capital Management LLC now owns 1,108,227 shares of the company’s stock valued at $7,114,000 after acquiring an additional 32,741 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Franklin Limited Duration Income Trust by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 1,068,252 shares of the company’s stock valued at $6,805,000 after acquiring an additional 27,423 shares during the last quarter. Invesco Ltd. raised its position in shares of Franklin Limited Duration Income Trust by 3.8% in the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock valued at $5,277,000 after buying an additional 30,220 shares during the last quarter. Shaker Financial Services LLC boosted its position in shares of Franklin Limited Duration Income Trust by 3.2% in the third quarter. Shaker Financial Services LLC now owns 693,377 shares of the company’s stock worth $4,417,000 after acquiring an additional 21,224 shares during the last quarter. Finally, Absolute Investment Advisers LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at $3,023,000.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN:FTF traded up $0.03 on Friday, reaching $6.12. 196,078 shares of the company’s stock traded hands, compared to its average volume of 206,048. The stock has a 50-day simple moving average of $6.18 and a 200-day simple moving average of $6.23. Franklin Limited Duration Income Trust has a 12 month low of $5.57 and a 12 month high of $6.59.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.0615 per share. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date is Tuesday, March 24th.

Franklin Limited Duration Income Trust Company Profile

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.