Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 49.7% in March

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 93,100 shares, an increase of 49.7% from the February 28th total of 62,200 shares. Based on an average trading volume of 201,400 shares, the short-interest ratio is presently 0.5 days.

Franklin Limited Duration Income Trust Stock Up 0.2 %

Shares of FTF traded up $0.01 on Monday, reaching $6.46. The stock had a trading volume of 119,112 shares, compared to its average volume of 202,735. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83. The company’s 50-day moving average price is $6.54.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0615 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.74 annualized dividend and a dividend yield of 11.42%.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of Franklin Limited Duration Income Trust by 1,283.0% in the fourth quarter. LPL Financial LLC now owns 874,447 shares of the company’s stock worth $5,798,000 after buying an additional 811,219 shares in the last quarter. Invesco Ltd. lifted its stake in Franklin Limited Duration Income Trust by 3.4% during the 4th quarter. Invesco Ltd. now owns 832,151 shares of the company’s stock valued at $5,517,000 after acquiring an additional 27,226 shares during the period. Guggenheim Capital LLC grew its position in Franklin Limited Duration Income Trust by 54.0% in the 4th quarter. Guggenheim Capital LLC now owns 804,510 shares of the company’s stock worth $5,334,000 after purchasing an additional 281,953 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Franklin Limited Duration Income Trust by 13.1% during the 4th quarter. Wells Fargo & Company MN now owns 721,088 shares of the company’s stock valued at $4,781,000 after buying an additional 83,285 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Franklin Limited Duration Income Trust by 83.5% in the fourth quarter. Advisors Asset Management Inc. now owns 531,178 shares of the company’s stock worth $3,522,000 after purchasing an additional 241,778 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.