Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) 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
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.
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