Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 89,100 shares, an increase of 34.2% from the November 15th total of 66,400 shares. Based on an average daily volume of 192,600 shares, the days-to-cover ratio is presently 0.5 days.
Franklin Limited Duration Income Trust Trading Down 0.4 %
Shares of FTF traded down $0.03 during trading on Friday, reaching $6.69. 206,539 shares of the company traded hands, compared to its average volume of 191,619. Franklin Limited Duration Income Trust has a twelve month low of $6.08 and a twelve month high of $6.83.
Franklin Limited Duration Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Monday, December 16th.
Institutional Trading of Franklin Limited Duration Income Trust
About Franklin Limited Duration Income Trust
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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