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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 81,200 shares, a growth of 95.7% from the June 30th total of 41,500 shares. Based on an average daily volume of 205,400 shares, the days-to-cover ratio is presently 0.4 days.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN FTF traded up $0.07 during trading hours on Friday, hitting $6.52. 153,857 shares of the company were exchanged, compared to its average volume of 184,392. Franklin Limited Duration Income Trust has a 52 week low of $5.76 and a 52 week high of $6.65.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th will be paid a dividend of $0.0615 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.32%.

Institutional Inflows and Outflows

Hedge funds 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 during the first quarter valued at approximately $63,000. Avantax Advisory Services Inc. boosted its holdings in shares of Franklin Limited Duration Income Trust by 10.1% in the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after purchasing an additional 1,650 shares during the period. Powell Investment Advisors LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 25.2% in the first quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock valued at $115,000 after purchasing an additional 3,693 shares during the period. 9258 Wealth Management LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the first quarter valued at approximately $171,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the second quarter valued at 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.