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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of 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 trading volume of 190,654 shares, the days-to-cover ratio is presently 0.3 days.

Franklin Limited Duration Income Trust Trading Up 0.6%

Shares of Franklin Limited Duration Income Trust stock opened at $5.36 on Wednesday. The company has a 50-day simple moving average of $5.71 and a 200 day simple moving average of $5.80. Franklin Limited Duration Income Trust has a 12-month low of $5.30 and a 12-month high of $6.42.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in Franklin Limited Duration Income Trust in the 2nd quarter worth approximately $1,115,000. Kingsview Wealth Management LLC bought a new stake in Franklin Limited Duration Income Trust in the second quarter valued at about $899,000. Financially in Tune LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at about $510,000. Beacon Pointe Advisors LLC acquired a new position in Franklin Limited Duration Income Trust in the second quarter valued at about $467,000. Finally, Readystate Asset Management LP bought a new position in Franklin Limited Duration Income Trust during the second quarter worth about $311,000.

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.