Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Short Interest Rises 178.3%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 77,940 shares, a growth of 178.3% from the October 15th total of 28,010 shares. Based on an average daily trading volume, of 242,799 shares, the short-interest ratio is presently 0.3 days.

Franklin Limited Duration Income Trust Trading Down 1.5%

Franklin Limited Duration Income Trust stock opened at $5.38 on Friday. The stock has a 50-day moving average of $5.46 and a two-hundred day moving average of $5.79. Franklin Limited Duration Income Trust has a one year low of $5.27 and a one year high of $6.29.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be given a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Wednesday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTF. Royal Bank of Canada lifted its stake in shares of Franklin Limited Duration Income Trust by 3.9% during the first quarter. Royal Bank of Canada now owns 68,163 shares of the company’s stock worth $397,000 after buying an additional 2,538 shares during the period. Waverly Advisors LLC raised its stake in Franklin Limited Duration Income Trust by 22.7% in the 2nd quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock worth $93,000 after acquiring an additional 2,957 shares during the last quarter. Byrne Asset Management LLC raised its stake in Franklin Limited Duration Income Trust by 1.3% in the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock worth $1,321,000 after acquiring an additional 3,260 shares during the last quarter. Cetera Investment Advisers raised its stake in 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 acquiring an additional 5,210 shares during the last quarter. Finally, GraniteShares Advisors LLC lifted its position in Franklin Limited Duration Income Trust by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 459,391 shares of the company’s stock worth $2,462,000 after acquiring an additional 7,104 shares during the period.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while pursuing capital preservation through a diversified portfolio of fixed-income investments with limited interest-rate sensitivity. The fund invests primarily in below-investment-grade and investment-grade debt securities, including senior secured floating-rate loans, high-yield corporate bonds, and other income-producing instruments.