Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 34.2% in November

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 89,100 shares, a growth of 34.2% from the November 15th total of 66,400 shares. Based on an average trading volume of 192,600 shares, the days-to-cover ratio is currently 0.5 days.

Franklin Limited Duration Income Trust Trading Down 0.4 %

NYSEAMERICAN:FTF traded down $0.03 during trading hours on Friday, hitting $6.69. The company had a trading volume of 206,539 shares, compared to its average volume of 191,619. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a dividend yield of 11.03%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Trading of Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Covenant Partners LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter worth approximately $69,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Franklin Limited Duration Income Trust by 15.7% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock valued at $79,000 after purchasing an additional 1,700 shares in the last quarter. Choreo LLC purchased a new stake in Franklin Limited Duration Income Trust in the second quarter worth $85,000. Virtu Financial LLC bought a new position in Franklin Limited Duration Income Trust in the third quarter worth $108,000. Finally, Stifel Financial Corp lifted its position in Franklin Limited Duration Income Trust by 17.1% during the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock valued at $120,000 after buying an additional 2,633 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.