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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 265,000 shares, a decline of 11.8% from the August 15th total of 300,500 shares. Based on an average trading volume of 244,000 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Institutional investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its position in Franklin Limited Duration Income Trust by 10.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after purchasing an additional 1,650 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in 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 during the last quarter. Capital Wealth Alliance LLC boosted its holdings in Franklin Limited Duration Income Trust by 2.8% during the second quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock worth $537,000 after buying an additional 2,345 shares in the last quarter. Powell Investment Advisors LLC grew its position in Franklin Limited Duration Income Trust by 25.2% in the first quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after buying an additional 3,693 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in shares of Franklin Limited Duration Income Trust by 11.4% in the first quarter. StoneX Group Inc. now owns 46,790 shares of the company’s stock valued at $293,000 after buying an additional 4,784 shares in the last quarter.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF stock remained flat at $6.78 during mid-day trading on Wednesday. 222,281 shares of the stock were exchanged, compared to its average volume of 192,642. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.81.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be paid a $0.0615 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.74 dividend on an annualized basis and a yield of 10.89%.

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.