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