Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Drops By 11.8%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 265,000 shares, a decrease of 11.8% from the August 15th total of 300,500 shares. Based on an average daily trading volume, of 244,000 shares, the days-to-cover ratio is presently 1.1 days.

Franklin Limited Duration Income Trust Stock Down 0.4 %

Shares of Franklin Limited Duration Income Trust stock traded down $0.03 during trading hours on Wednesday, reaching $6.75. 119,256 shares of the company’s stock were exchanged, compared to its average volume of 192,039. Franklin Limited Duration Income Trust has a 1 year low of $5.76 and a 1 year high of $6.81.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.0615 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.74 annualized dividend and a dividend yield of 10.93%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group boosted its stake in Franklin Limited Duration Income Trust by 15.7% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock worth $79,000 after buying an additional 1,700 shares during the period. Choreo LLC purchased a new position in Franklin Limited Duration Income Trust during the second quarter worth about $85,000. Allspring Global Investments Holdings LLC purchased a new position in Franklin Limited Duration Income Trust during the second quarter worth about $5,064,000. Calamos Advisors LLC purchased a new position in Franklin Limited Duration Income Trust during the second quarter worth about $181,000. Finally, Capital Wealth Alliance LLC boosted its stake in Franklin Limited Duration Income Trust by 2.8% during the second quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock worth $537,000 after buying an additional 2,345 shares during the period.

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.