Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Significant Decline in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 78,800 shares, a decline of 32.3% from the January 31st total of 116,400 shares. Based on an average trading volume of 185,700 shares, the short-interest ratio is currently 0.4 days.

Franklin Limited Duration Income Trust Stock Down 0.2 %

Shares of FTF stock traded down $0.01 on Tuesday, reaching $6.52. 329,498 shares of the stock were exchanged, compared to its average volume of 192,229. The stock’s 50 day moving average price is $6.52. Franklin Limited Duration Income Trust has a 1-year low of $6.08 and a 1-year high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.0615 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.74 dividend on an annualized basis and a yield of 11.32%.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTF. Anfield Capital Management LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter worth about $57,000. Uniting Wealth Partners LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter worth about $66,000. Commonwealth Equity Services LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter worth about $67,000. Mariner LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter worth about $76,000. Finally, Citadel Advisors LLC bought a new position in Franklin Limited Duration Income Trust in the fourth quarter worth about $85,000.

Franklin Limited Duration Income Trust Company Profile

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.