Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 49.7% in March

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 93,100 shares, an increase of 49.7% from the February 28th total of 62,200 shares. Based on an average daily volume of 201,400 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Large investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in Franklin Limited Duration Income Trust by 1,283.0% in the 4th quarter. LPL Financial LLC now owns 874,447 shares of the company’s stock worth $5,798,000 after buying an additional 811,219 shares in the last quarter. Invesco Ltd. grew its position in Franklin Limited Duration Income Trust by 3.4% in the fourth quarter. Invesco Ltd. now owns 832,151 shares of the company’s stock worth $5,517,000 after acquiring an additional 27,226 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 54.0% in the 4th quarter. Guggenheim Capital LLC now owns 804,510 shares of the company’s stock worth $5,334,000 after purchasing an additional 281,953 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Franklin Limited Duration Income Trust by 13.1% during the 4th quarter. Wells Fargo & Company MN now owns 721,088 shares of the company’s stock valued at $4,781,000 after purchasing an additional 83,285 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Franklin Limited Duration Income Trust by 83.5% during the 4th quarter. Advisors Asset Management Inc. now owns 531,178 shares of the company’s stock valued at $3,522,000 after buying an additional 241,778 shares in the last quarter.

Franklin Limited Duration Income Trust Stock Up 0.2 %

NYSEAMERICAN FTF traded up $0.01 during trading on Monday, hitting $6.46. 119,112 shares of the company’s stock traded hands, compared to its average volume of 202,735. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83. The business’s 50 day simple moving average is $6.54.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date is Monday, March 17th.

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.