Short Interest in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Grows By 27.6%

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 43,500 shares, a growth of 27.6% from the March 31st total of 34,100 shares. Based on an average daily volume of 158,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Franklin Limited Duration Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Powell Investment Advisors LLC lifted its position in shares of 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 valued at $115,000 after acquiring an additional 3,693 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Franklin Limited Duration Income Trust by 18.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 36,296 shares of the company’s stock worth $226,000 after purchasing an additional 5,667 shares during the period. AQR Arbitrage LLC grew its stake in Franklin Limited Duration Income Trust by 34.7% during the third quarter. AQR Arbitrage LLC now owns 376,986 shares of the company’s stock worth $2,296,000 after buying an additional 97,092 shares in the last quarter. City of London Investment Management Co. Ltd. acquired a new position in shares of Franklin Limited Duration Income Trust in the 3rd quarter valued at approximately $2,601,000. Finally, Moors & Cabot Inc. boosted its position in shares of Franklin Limited Duration Income Trust by 295.3% during the 3rd quarter. Moors & Cabot Inc. now owns 85,000 shares of the company’s stock worth $518,000 after acquiring an additional 63,500 shares in the last quarter.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN FTF opened at $6.22 on Tuesday. Franklin Limited Duration Income Trust has a one year low of $5.76 and a one year high of $6.56.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be given a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date of this dividend is Tuesday, April 16th.

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.