Franklin Universal Trust (NYSE:FT) Sees Large Decrease in Short Interest

Franklin Universal Trust (NYSE:FT) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,220 shares, a drop of 81.8% from the September 30th total of 12,221 shares. Based on an average trading volume of 60,224 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Franklin Universal Trust Stock Down 0.1%

Shares of NYSE:FT opened at $7.19 on Tuesday. Franklin Universal Trust has a fifty-two week low of $6.95 and a fifty-two week high of $8.35. The firm’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.91.

Franklin Universal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be given a $0.0425 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.51 dividend on an annualized basis and a yield of 7.1%.

Institutional Investors Weigh In On Franklin Universal Trust

An institutional investor recently raised its position in Franklin Universal Trust stock. Shaker Financial Services LLC raised its holdings in Franklin Universal Trust (NYSE:FT) by 142.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,281 shares of the financial services provider’s stock after purchasing an additional 35,411 shares during the quarter. Shaker Financial Services LLC owned 0.24% of Franklin Universal Trust worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Franklin Universal Trust Company Profile

Franklin Universal Trust (NYSE: FT) is a diversified closed-end investment company managed by Franklin Advisers, Inc, an affiliate of Franklin Templeton. The fund seeks to provide high current income and long-term capital appreciation by investing in a portfolio of debt and equity securities.

The trust invests across a range of issuers and industries, including utility companies and other income-oriented businesses. Its portfolio may include corporate bonds, preferred securities, common stocks and other investments, allowing the fund to pursue income while retaining the potential for capital growth.

Franklin Universal Trust is listed on the New York Stock Exchange and is managed as part of Franklin Templeton’s broader investment platform.