Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Down 21.1% in February

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 62,200 shares, a decline of 21.1% from the February 13th total of 78,800 shares. Based on an average trading volume of 198,600 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently modified their holdings of FTF. Anfield Capital Management LLC purchased a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth approximately $57,000. Uniting Wealth Partners LLC purchased a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth approximately $66,000. Commonwealth Equity Services LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $67,000. Mariner LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $76,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $85,000.

Franklin Limited Duration Income Trust Stock Performance

Shares of NYSEAMERICAN FTF traded up $0.03 during trading on Monday, reaching $6.51. 151,144 shares of the company traded hands, compared to its average volume of 201,590. The company has a fifty day moving average price of $6.54. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm 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 11.34%.

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.