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Franklin Limited Duration Income Trust ("FTF" or the "Fund") Announces Distribution
Business Wire (Fri, 5-Apr 11:41 AM ET)
Business Wire (Wed, 27-Mar 11:25 AM ET)
Franklin Templeton Limited Duration Income Trust seeks to provide high, current income, with a secondary objective of capital appreciation to the extent it is possible and consistent with the Fund’s primary objective, through a portfolio consisting primarily of high yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities.
Franklin Duration Income Trust trades on the AMEX stock market under the symbol FTF.
As of April 24, 2024, FTF stock price climbed to $6.21 with 46,462 million shares trading.
FTF has a beta of 0.37, meaning it tends to be less sensitive to market movements. FTF has a correlation of 0.17 to the broad based SPY ETF.
FTF has a market cap of $250.92 million. This is considered a Small Cap stock.
In the last 3 years, FTF stock traded as high as $9.43 and as low as $5.76.
FTF has underperformed the market in the last year with a return of +11.4%, while the SPY ETF gained +24.6%. In the last 3 month period, FTF fell short of the market, returning +2.8%, while SPY returned +4.9%. However, in the most recent 2 weeks FTF has outperformed the stock market by returning -0.5%, while SPY returned -2.4%.
FTF support price is $6.16 and resistance is $6.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTF stock will trade within this expected range on the day.