FTF Stock Summary and Trading Ideas (Franklin Duration Income Trust | AMEX:FTF)

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 18, 2024, FTF stock price climbed to $6.15 with 59,783 million shares trading.

FTF has a beta of 0.42, meaning it tends to be less sensitive to market movements. FTF has a correlation of 0.18 to the broad based SPY ETF.

FTF has a market cap of $248.49 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 +10.6%, while the SPY ETF gained +22.2%. In the last 3 month period, FTF fell short of the market, returning +2.5%, while SPY returned +5.2%. However, in the most recent 2 weeks FTF has outperformed the stock market by returning 0.0%, while SPY returned -2.6%.

FTF support price is $6.10 and resistance is $6.18 (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.