Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Increases By 52.4%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient 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.

Franklin Limited Duration Income Trust Stock Down 1.4%

Shares of NYSEAMERICAN:FTF opened at $5.70 on Friday. Franklin Limited Duration Income Trust has a fifty-two week low of $5.57 and a fifty-two week high of $6.55. The firm’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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.0615 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Tuesday, March 24th.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently bought and sold shares of FTF. Eastern Bank acquired a new stake in shares of Franklin Limited Duration Income Trust during the third quarter worth about $32,000. BlackDiamond Wealth Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth $63,000. Kovack Advisors Inc. purchased a new position in Franklin Limited Duration Income Trust during the 3rd quarter worth $67,000. Azzad Asset Management Inc. ADV acquired a new position in Franklin Limited Duration Income Trust in the third quarter valued at $67,000. Finally, Procyon Advisors LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at $67,000.

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.