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

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

Franklin Limited Duration Income Trust Price Performance

FTF stock traded down $0.01 during 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 52 week low of $5.76 and a 52 week high of $6.82.

Franklin Limited Duration Income Trust Announces Dividend

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

Institutional Trading of Franklin Limited Duration Income Trust

Hedge funds have recently modified their holdings of the business. Cetera Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the first quarter worth $5,621,000. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Limited Duration Income Trust during the 2nd quarter valued at about $5,064,000. City of London Investment Management Co. Ltd. increased its stake in Franklin Limited Duration Income Trust by 44.6% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 791,267 shares of the company’s stock valued at $4,961,000 after purchasing an additional 244,154 shares in the last quarter. Matisse Capital raised its holdings in Franklin Limited Duration Income Trust by 37.4% in the first quarter. Matisse Capital now owns 219,397 shares of the company’s stock worth $1,376,000 after buying an additional 59,729 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of Franklin Limited Duration Income Trust in the second quarter worth approximately $181,000.

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.