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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 48,766 shares, a decline of 57.4% from the August 31st total of 114,539 shares. Based on an average daily trading volume, of 190,654 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Franklin Limited Duration Income Trust

A number of institutional investors have recently modified their holdings of FTF. Uniting Wealth Partners LLC purchased a new position in Franklin Limited Duration Income Trust during the 2nd quarter valued at about $58,000. BlackDiamond Wealth Management LLC purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth approximately $63,000. Global Retirement Partners LLC purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth approximately $89,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter worth approximately $91,000. Finally, Waverly Advisors LLC grew its position in shares of 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 buying an additional 2,957 shares during the last quarter.

Franklin Limited Duration Income Trust Trading Up 0.6%

FTF traded up $0.03 during trading on Tuesday, hitting $5.36. 205,808 shares of the stock traded hands, compared to its average volume of 200,189. The firm has a 50-day moving average of $5.71 and a 200 day moving average of $5.80. Franklin Limited Duration Income Trust has a 12-month low of $5.30 and a 12-month high of $6.42.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end management investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while managing interest-rate risk through a portfolio with a limited average duration.

The fund invests primarily in fixed-income securities, including corporate bonds, floating-rate loans and other debt instruments. Its holdings may include investment-grade and below-investment-grade securities issued by companies, governments and other entities in the United States and international markets.