Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Update

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 40,879 shares, a drop 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 Trading of Franklin Limited Duration Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC lifted its holdings in Franklin Limited Duration Income Trust by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,108,227 shares of the company’s stock valued at $7,114,000 after purchasing an additional 32,741 shares during the last quarter. Advisors Asset Management Inc. increased its holdings 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 worth $6,805,000 after buying an additional 27,423 shares in the last quarter. Invesco Ltd. raised its stake 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 acquiring an additional 30,220 shares during the last quarter. Shaker Financial Services LLC raised its stake 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 valued at $4,417,000 after acquiring an additional 21,224 shares during the last quarter. Finally, Absolute Investment Advisers LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter worth approximately $3,023,000.

Franklin Limited Duration Income Trust Stock Up 0.5%

Shares of FTF traded up $0.03 during trading hours on Friday, reaching $6.12. 196,078 shares of the company traded hands, compared to its average volume of 206,048. The stock’s fifty day moving average is $6.17 and its 200 day moving average is $6.23. Franklin Limited Duration Income Trust has a 1-year low of $5.57 and a 1-year 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 given a $0.0615 dividend. The ex-dividend date is Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%.

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.