Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 11.0% in December

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 98,900 shares, a growth of 11.0% from the November 30th total of 89,100 shares. Based on an average daily volume of 191,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTF. Pathstone Holdings LLC lifted its position in Franklin Limited Duration Income Trust by 20.6% in the third quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock valued at $11,731,000 after buying an additional 300,528 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the 3rd quarter valued at $7,646,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth about $5,064,000. Advisors Asset Management Inc. lifted its position in shares of Franklin Limited Duration Income Trust by 204.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 289,400 shares of the company’s stock worth $1,930,000 after buying an additional 194,407 shares during the last quarter. Finally, Encompass More Asset Management acquired a new position in Franklin Limited Duration Income Trust in the third quarter valued at $577,000.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF traded up $0.13 on Wednesday, hitting $6.63. 649,247 shares of the company’s stock traded hands, compared to its average volume of 193,536. 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 business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.0615 dividend. This represents a $0.74 annualized dividend and a yield of 11.13%. The ex-dividend date was Monday, December 16th.

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.