Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Update

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 30,000 shares, an increase of 6.0% from the May 31st total of 28,300 shares. Based on an average daily trading volume, of 181,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Large investors have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 1st quarter worth approximately $5,621,000. Cetera Investment Advisers boosted its holdings in shares of Franklin Limited Duration Income Trust by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock worth $5,891,000 after purchasing an additional 23,440 shares during the last quarter. Capital Wealth Alliance LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 10.7% during the 1st quarter. Capital Wealth Alliance LLC now owns 82,299 shares of the company’s stock worth $516,000 after purchasing an additional 7,944 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in Franklin Limited Duration Income Trust by 44.6% in the first quarter. City of London Investment Management Co. Ltd. now owns 791,267 shares of the company’s stock valued at $4,961,000 after acquiring an additional 244,154 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in Franklin Limited Duration Income Trust by 10.1% in the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after acquiring an additional 1,650 shares during the last quarter.

Franklin Limited Duration Income Trust Trading Up 0.5 %

Shares of Franklin Limited Duration Income Trust stock opened at $6.39 on Wednesday. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.56.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.0615 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.74 annualized dividend and a yield of 11.55%.

About Franklin Limited Duration Income Trust

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.