Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Short Interest Declines 60.5%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 19,280 shares, a decline of 60.5% from the September 15th total of 48,766 shares. Based on an average daily trading volume, of 224,051 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN:FTF opened at $5.34 on Thursday. Franklin Limited Duration Income Trust has a 52-week low of $5.29 and a 52-week high of $6.35. The stock has a 50 day moving average price of $5.62 and a 200-day moving average price of $5.76.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.0615 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 13.8%.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC raised its stake in Franklin Limited Duration Income Trust by 22.5% during the 3rd quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock valued at $1,781,000 after buying an additional 60,997 shares during the last quarter. Byrne Asset Management LLC boosted its position in Franklin Limited Duration Income Trust by 1.3% in the third quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock worth $1,321,000 after purchasing an additional 3,260 shares during the last quarter. Bank of America Corp DE increased its position in shares of Franklin Limited Duration Income Trust by 5.4% during the 1st quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock valued at $1,125,000 after purchasing an additional 9,928 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Franklin Limited Duration Income Trust by 2.9% in 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 period. Finally, Kingsview Wealth Management LLC bought a new position in shares of Franklin Limited Duration Income Trust in the 2nd quarter worth approximately $899,000.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.