Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 479.6% in December

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTFGet Rating) was the recipient of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 31,300 shares, a growth of 479.6% from the December 15th total of 5,400 shares. Based on an average trading volume of 151,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its position in Franklin Limited Duration Income Trust by 17.1% in the third quarter. Wolverine Asset Management LLC now owns 192,452 shares of the company’s stock valued at $1,189,000 after purchasing an additional 28,097 shares during the period. UBS Group AG increased its position in shares of Franklin Limited Duration Income Trust by 9.0% during the third quarter. UBS Group AG now owns 169,221 shares of the company’s stock worth $1,046,000 after acquiring an additional 13,989 shares during the last quarter. Capital Wealth Alliance LLC increased its position in shares of Franklin Limited Duration Income Trust by 5.7% during the third quarter. Capital Wealth Alliance LLC now owns 78,285 shares of the company’s stock worth $483,000 after acquiring an additional 4,242 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Franklin Limited Duration Income Trust by 165.7% during the third quarter. Shaker Financial Services LLC now owns 108,921 shares of the company’s stock worth $673,000 after acquiring an additional 67,921 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Franklin Limited Duration Income Trust by 70.5% during the 3rd quarter. D.A. Davidson & CO. now owns 20,555 shares of the company’s stock worth $127,000 after purchasing an additional 8,500 shares during the last quarter.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN:FTF opened at $6.50 on Wednesday. Franklin Limited Duration Income Trust has a 12 month low of $5.93 and a 12 month high of $8.88.

Franklin Limited Duration Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Thursday, January 19th will be given a $0.0595 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This is a positive change from Franklin Limited Duration Income Trust’s previous monthly dividend of $0.06. This represents a $0.71 annualized dividend and a yield of 10.98%.

Franklin Limited Duration Income Trust Company Profile

(Get Rating)

Franklin Ltd. Duration Income Trust is a closed-end investment company. It seeks to provide high, current income, with a secondary objective of capital appreciation to the extent possible and consistent with the Fund’s primary objective, through a portfolio consisting primarily of high-yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities.

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