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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 89,100 shares, an increase of 34.2% from the November 15th total of 66,400 shares. Based on an average daily volume of 192,600 shares, the short-interest ratio is currently 0.5 days.

Franklin Limited Duration Income Trust Stock Down 0.4 %

Shares of NYSEAMERICAN FTF traded down $0.03 during trading on Friday, reaching $6.69. 206,539 shares of the stock traded hands, compared to its average volume of 191,619. Franklin Limited Duration Income Trust has a 52-week low of $6.08 and a 52-week high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a yield of 11.03%. The ex-dividend date is Monday, December 16th.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently modified their holdings of FTF. Covenant Partners LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at $69,000. Oliver Lagore Vanvalin Investment Group grew its holdings in Franklin Limited Duration Income Trust by 15.7% during the 2nd 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 in the last quarter. Choreo LLC purchased a new position in Franklin Limited Duration Income Trust during the 2nd quarter valued at about $85,000. Virtu Financial LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the third quarter valued at about $108,000. Finally, Stifel Financial Corp lifted its holdings in shares of Franklin Limited Duration Income Trust by 17.1% in the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock worth $120,000 after buying an additional 2,633 shares in 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.