Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Significant Increase in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 172,200 shares, an increase of 110.0% from the September 15th total of 82,000 shares. Based on an average daily trading volume, of 245,100 shares, the days-to-cover ratio is currently 0.7 days.

Franklin Limited Duration Income Trust Stock Performance

FTF stock traded down $0.01 during mid-day trading on Friday, reaching $6.75. The company had a trading volume of 186,636 shares, compared to its average volume of 192,756. Franklin Limited Duration Income Trust has a 12 month low of $5.76 and a 12 month high of $6.82.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.0615 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.74 annualized dividend and a dividend yield of 10.93%.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently modified their holdings of the business. Moloney Securities Asset Management LLC bought a new position in shares of Franklin Limited Duration Income Trust in the 1st quarter worth $63,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Franklin Limited Duration Income Trust by 15.7% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock valued at $79,000 after buying an additional 1,700 shares during the last quarter. Choreo LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at about $85,000. Avantax Advisory Services Inc. grew its position in shares of Franklin Limited Duration Income Trust by 10.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock worth $112,000 after buying an additional 1,650 shares during the last quarter. Finally, Powell Investment Advisors LLC grew its position in shares of Franklin Limited Duration Income Trust by 25.2% in the 1st quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after buying an additional 3,693 shares during the last quarter.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.