Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Large Growth in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 81,200 shares, a growth of 95.7% from the June 30th total of 41,500 shares. Based on an average daily volume of 205,400 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Institutional investors have recently modified their holdings of the stock. Moloney Securities Asset Management LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the 1st quarter valued at $63,000. Avantax Advisory Services Inc. lifted its stake in shares of Franklin Limited Duration Income Trust by 10.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after purchasing an additional 1,650 shares during the last quarter. Powell Investment Advisors LLC lifted its stake in shares of Franklin Limited Duration Income Trust by 25.2% in the 1st quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock valued at $115,000 after purchasing an additional 3,693 shares during the last quarter. 9258 Wealth Management LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the 1st quarter valued at $171,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at $181,000.

Franklin Limited Duration Income Trust Stock Up 1.1 %

Franklin Limited Duration Income Trust stock traded up $0.07 during midday trading on Friday, reaching $6.52. The stock had a trading volume of 153,857 shares, compared to its average volume of 184,392. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.65.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th will be paid a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date is Thursday, July 18th.

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.