Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Rises By 504.4%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant increase in short interest in the month of 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 volume of 251,324 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Large investors have recently made changes to their positions in the stock. Baird Financial Group Inc. increased its holdings in Franklin Limited Duration Income Trust by 1.8% in the second quarter. Baird Financial Group Inc. now owns 91,674 shares of the company’s stock valued at $589,000 after buying an additional 1,581 shares in the last quarter. Royal Bank of Canada increased its stake in Franklin Limited Duration Income Trust by 2.6% in the fourth quarter. Royal Bank of Canada now owns 65,625 shares of the company’s stock valued at $404,000 after purchasing an additional 1,642 shares during the last quarter. Accredited Investor Services LLC grew its holdings in Franklin Limited Duration Income Trust by 10.4% in the 4th quarter. Accredited Investor Services LLC now owns 22,819 shares of the company’s stock valued at $140,000 after buying an additional 2,156 shares during the period. Moors & Cabot Inc. increased its position in Franklin Limited Duration Income Trust by 13.2% during the third quarter. Moors & Cabot Inc. now owns 21,500 shares of the company’s stock worth $137,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Integrity Advisory Solutions LLC boosted its holdings in Franklin Limited Duration Income Trust by 17.1% in the fourth 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.

Franklin Limited Duration Income Trust Stock Up 0.3%

Shares of FTF stock traded up $0.02 on Friday, reaching $5.77. 166,762 shares of the company were exchanged, compared to its average volume of 201,016. The business has a 50-day moving average price of $5.86 and a 200 day moving average price of $5.99. Franklin Limited Duration Income Trust has a 1 year low of $5.70 and a 1 year high of $6.55.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given 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 yield of 12.8%.

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.