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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 30,000 shares, a growth of 6.0% from the May 31st total of 28,300 shares. Based on an average daily volume of 181,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Institutional investors have recently bought and sold shares of the stock. Moloney Securities Asset Management LLC bought a new stake in Franklin Limited Duration Income Trust during the first quarter worth $63,000. Avantax Advisory Services Inc. grew its holdings in Franklin Limited Duration Income Trust by 10.1% during the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock worth $112,000 after buying an additional 1,650 shares in the last quarter. Powell Investment Advisors LLC grew its holdings in Franklin Limited Duration Income Trust by 25.2% during the first quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after buying an additional 3,693 shares in the last quarter. 9258 Wealth Management LLC bought a new stake in Franklin Limited Duration Income Trust during the first quarter worth $171,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Franklin Limited Duration Income Trust by 18.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 36,296 shares of the company’s stock worth $226,000 after buying an additional 5,667 shares in the last quarter.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN:FTF opened at $6.39 on Wednesday. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.56.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 18th were issued a dividend of $0.0615 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.74 annualized dividend and a yield of 11.55%.

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.