Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Significant Increase in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of 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 presently 0.3 days.

Franklin Limited Duration Income Trust Trading Up 0.3 %

Shares of FTF stock opened at $6.22 on Tuesday. Franklin Limited Duration Income Trust has a 1-year low of $5.76 and a 1-year high of $6.56.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be paid 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 is Tuesday, April 16th.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Hedge funds have recently made changes to their positions in the stock. Advisor Partners II LLC purchased a new stake in shares of Franklin Limited Duration Income Trust during the 3rd quarter worth about $1,341,000. GraniteShares Advisors LLC lifted its position in Franklin Limited Duration Income Trust by 4.0% during the third quarter. GraniteShares Advisors LLC now owns 235,345 shares of the company’s stock valued at $1,433,000 after buying an additional 9,028 shares in the last quarter. Moors & Cabot Inc. grew its stake in Franklin Limited Duration Income Trust by 295.3% during the third quarter. Moors & Cabot Inc. now owns 85,000 shares of the company’s stock worth $518,000 after buying an additional 63,500 shares during the period. City of London Investment Management Co. Ltd. acquired a new stake in shares of Franklin Limited Duration Income Trust in the third quarter worth $2,601,000. Finally, AQR Arbitrage LLC raised its stake in shares of Franklin Limited Duration Income Trust by 34.7% in the 3rd quarter. AQR Arbitrage LLC now owns 376,986 shares of the company’s stock valued at $2,296,000 after acquiring an additional 97,092 shares during the period.

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.