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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 78,800 shares, a drop of 32.3% from the January 31st total of 116,400 shares. Based on an average daily volume of 185,700 shares, the short-interest ratio is currently 0.4 days.

Franklin Limited Duration Income Trust Stock Down 0.2 %

Franklin Limited Duration Income Trust stock opened at $6.52 on Wednesday. Franklin Limited Duration Income Trust has a fifty-two week low of $6.08 and a fifty-two week high of $6.83. The business’s fifty day moving average is $6.52.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.0615 dividend. This represents a $0.74 annualized dividend and a yield of 11.32%. The ex-dividend date was Tuesday, February 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anfield Capital Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth $57,000. Uniting Wealth Partners LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at $66,000. Commonwealth Equity Services LLC purchased a new position in Franklin Limited Duration Income Trust during the fourth quarter worth about $67,000. Mariner LLC acquired a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth about $76,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter valued at about $85,000.

About Franklin Limited Duration Income Trust

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.