Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Decreases By 11.8%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 265,000 shares, a decline of 11.8% from the August 15th total of 300,500 shares. Based on an average daily volume of 244,000 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Powell Investment Advisors LLC raised its position in Franklin Limited Duration Income Trust by 25.2% during the 1st quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after buying an additional 3,693 shares during the last quarter. Matisse Capital grew its position in Franklin Limited Duration Income Trust by 37.4% during the 1st quarter. Matisse Capital now owns 219,397 shares of the company’s stock worth $1,376,000 after purchasing an additional 59,729 shares during the period. StoneX Group Inc. raised its stake in shares of Franklin Limited Duration Income Trust by 11.4% during the 1st quarter. StoneX Group Inc. now owns 46,790 shares of the company’s stock valued at $293,000 after buying an additional 4,784 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the 1st quarter valued at about $63,000. Finally, 9258 Wealth Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the first quarter worth about $171,000.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN FTF remained flat at $6.78 during midday trading on Wednesday. The stock had a trading volume of 222,281 shares, compared to its average volume of 192,642. Franklin Limited Duration Income Trust has a 52-week low of $5.76 and a 52-week high of $6.81.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date is Thursday, September 19th.

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.