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

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

Franklin Limited Duration Income Trust Stock Down 0.8 %

Shares of NYSEAMERICAN:FTF traded down $0.05 during trading on Tuesday, reaching $6.46. The stock had a trading volume of 188,997 shares, compared to its average volume of 201,540. The firm’s fifty day moving average is $6.54. Franklin Limited Duration Income Trust has a 52 week low of $6.08 and a 52 week high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

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

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Hedge funds have recently bought and sold shares of the company. Waverly Advisors LLC grew its stake in shares of Franklin Limited Duration Income Trust by 53.1% in the fourth quarter. Waverly Advisors LLC now owns 28,721 shares of the company’s stock worth $190,000 after acquiring an additional 9,966 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth about $85,000. Alteri Wealth LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at about $154,000. Shaker Financial Services LLC grew its position in Franklin Limited Duration Income Trust by 11.9% during the fourth quarter. Shaker Financial Services LLC now owns 441,873 shares of the company’s stock worth $2,930,000 after buying an additional 47,009 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Franklin Limited Duration Income Trust by 54.0% during the fourth quarter. Guggenheim Capital LLC now owns 804,510 shares of the company’s stock valued at $5,334,000 after acquiring an additional 281,953 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.