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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) 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

Hedge funds have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group increased its holdings in Franklin Limited Duration Income Trust by 15.7% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock valued at $79,000 after buying an additional 1,700 shares during the last quarter. Capital Wealth Alliance LLC raised its position in Franklin Limited Duration Income Trust by 2.8% in the 2nd quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock valued at $537,000 after purchasing an additional 2,345 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Franklin Limited Duration Income Trust by 5.9% in the third quarter. SeaCrest Wealth Management LLC now owns 44,561 shares of the company’s stock valued at $297,000 after buying an additional 2,498 shares during the last quarter. Stifel Financial Corp lifted its position in Franklin Limited Duration Income Trust by 17.1% during the 3rd quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock worth $120,000 after acquiring an additional 2,633 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of Franklin Limited Duration Income Trust by 30.7% during the third quarter. Avior Wealth Management LLC now owns 23,665 shares of the company’s stock worth $158,000 after purchasing an additional 5,557 shares during the period.

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.