Franklin Limited Duration Income Trust of Beneficial Interest (FTF) Sees Large Growth in Short Interest

Franklin Limited Duration Income Trust of Beneficial Interest (NYSEAMERICAN:FTF) was the recipient of a large growth in short interest in December. As of December 29th, there was short interest totalling 337,800 shares, a growth of 2,464.5% from the December 15th total of 13,172 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 184,604 shares, the short-interest ratio is currently 1.8 days.

A number of hedge funds have recently added to or reduced their stakes in FTF. Oppenheimer & Co. Inc. acquired a new stake in Franklin Limited Duration Income Trust of Beneficial Interest during the 3rd quarter valued at $122,000. First Allied Advisory Services Inc. increased its holdings in Franklin Limited Duration Income Trust of Beneficial Interest by 13.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 18,015 shares of the company’s stock valued at $214,000 after purchasing an additional 2,167 shares in the last quarter. Investment Centers of America Inc. acquired a new stake in Franklin Limited Duration Income Trust of Beneficial Interest during the 3rd quarter valued at $304,000. SG Americas Securities LLC increased its holdings in Franklin Limited Duration Income Trust of Beneficial Interest by 232.0% during the 2nd quarter. SG Americas Securities LLC now owns 37,016 shares of the company’s stock valued at $438,000 after purchasing an additional 25,865 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Franklin Limited Duration Income Trust of Beneficial Interest by 21.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 37,241 shares of the company’s stock valued at $441,000 after purchasing an additional 6,523 shares in the last quarter.

Franklin Limited Duration Income Trust of Beneficial Interest (NYSEAMERICAN:FTF) traded down $0.03 during mid-day trading on Wednesday, reaching $11.85. The company had a trading volume of 65,900 shares, compared to its average volume of 84,583. Franklin Limited Duration Income Trust of Beneficial Interest has a 12-month low of $11.46 and a 12-month high of $12.33.

The firm also recently declared a monthly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.1042 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.25 dividend on an annualized basis and a yield of 10.55%.

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