Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Increases By 11.0%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 98,900 shares, an increase of 11.0% from the November 30th total of 89,100 shares. Based on an average daily trading volume, of 191,700 shares, the days-to-cover ratio is currently 0.5 days.

Franklin Limited Duration Income Trust Stock Up 2.0 %

Shares of FTF stock traded up $0.13 during trading hours on Wednesday, reaching $6.63. The stock had a trading volume of 649,247 shares, compared to its average volume of 193,536. 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 firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Trading of Franklin Limited Duration Income Trust

Several hedge funds have recently added to or reduced their stakes in FTF. Stifel Financial Corp grew its stake in shares of Franklin Limited Duration Income Trust by 17.1% in the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock worth $120,000 after purchasing an additional 2,633 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Franklin Limited Duration Income Trust in the 2nd quarter valued at about $5,064,000. Avior Wealth Management LLC increased its stake in Franklin Limited Duration Income Trust by 30.7% during the 3rd quarter. Avior Wealth Management LLC now owns 23,665 shares of the company’s stock valued at $158,000 after buying an additional 5,557 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Franklin Limited Duration Income Trust by 5.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 44,561 shares of the company’s stock worth $297,000 after buying an additional 2,498 shares in the last quarter. Finally, Choreo LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter worth approximately $85,000.

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.