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

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

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF stock traded down $0.02 on Tuesday, reaching $6.45. The company’s stock had a trading volume of 96,186 shares, compared to its average volume of 202,318. The company has a 50 day simple moving average of $6.54. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date of this dividend was Monday, March 17th.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Several hedge funds have recently bought and sold shares of the stock. Anfield Capital Management LLC purchased a new stake in Franklin Limited Duration Income Trust in the fourth quarter worth approximately $57,000. Uniting Wealth Partners LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at $66,000. Commonwealth Equity Services LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at $67,000. Mariner LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter valued at $76,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Franklin Limited Duration Income Trust in the 4th quarter worth $85,000.

About Franklin Limited Duration Income Trust

(Get Free Report)

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.

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