Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Shorted: Short Interest Down 57.4% in September

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 48,766 shares, a decrease of 57.4% from the August 31st total of 114,539 shares. Based on an average daily volume of 190,654 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Franklin Limited Duration Income Trust by 5.4% in the first quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock valued at $1,125,000 after acquiring an additional 9,928 shares during the last quarter. Cetera Investment Advisers raised its holdings in Franklin Limited Duration Income Trust by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock worth $1,066,000 after purchasing an additional 5,210 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Franklin Limited Duration Income Trust during the 2nd quarter worth about $899,000. International Assets Investment Management LLC lifted its position in Franklin Limited Duration Income Trust by 59.4% during the 1st quarter. International Assets Investment Management LLC now owns 126,111 shares of the company’s stock valued at $736,000 after purchasing an additional 47,011 shares during the period. Finally, Financially in Tune LLC acquired a new position in Franklin Limited Duration Income Trust during the 4th quarter valued at about $510,000.

Franklin Limited Duration Income Trust Stock Performance

Shares of Franklin Limited Duration Income Trust stock traded down $0.03 during midday trading on Monday, reaching $5.33. The company had a trading volume of 269,859 shares, compared to its average volume of 200,165. The stock has a fifty day simple moving average of $5.72 and a 200 day simple moving average of $5.81. Franklin Limited Duration Income Trust has a 1-year low of $5.30 and a 1-year high of $6.42.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-end management investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while managing interest-rate risk through a portfolio with a limited average duration.

The fund invests primarily in fixed-income securities, including corporate bonds, floating-rate loans and other debt instruments. Its holdings may include investment-grade and below-investment-grade securities issued by companies, governments and other entities in the United States and international markets.