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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 78,800 shares, a decline of 32.3% from the January 31st total of 116,400 shares. Based on an average daily trading volume, of 185,700 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC grew its position in Franklin Limited Duration Income Trust by 20.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock worth $11,731,000 after purchasing an additional 300,528 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Franklin Limited Duration Income Trust during the 3rd quarter worth approximately $7,646,000. LPL Financial LLC grew its position in Franklin Limited Duration Income Trust by 1,283.0% during the 4th quarter. LPL Financial LLC now owns 874,447 shares of the company’s stock worth $5,798,000 after purchasing an additional 811,219 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Franklin Limited Duration Income Trust by 3.4% during the 4th quarter. Invesco Ltd. now owns 832,151 shares of the company’s stock valued at $5,517,000 after buying an additional 27,226 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Franklin Limited Duration Income Trust by 54.0% during the 4th quarter. Guggenheim Capital LLC now owns 804,510 shares of the company’s stock valued at $5,334,000 after buying an additional 281,953 shares during the period.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN:FTF traded down $0.01 during midday trading on Tuesday, hitting $6.52. 329,498 shares of the stock were exchanged, compared to its average volume of 192,229. Franklin Limited Duration Income Trust has a one year low of $6.08 and a one year high of $6.83. The company’s 50-day moving average price is $6.52.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.0615 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.74 annualized dividend and a yield of 11.32%.

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.