Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Shorted: Short Interest Down 57.4% in September

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 48,766 shares, a drop of 57.4% from the August 31st total of 114,539 shares. Based on an average daily volume of 190,654 shares, the short-interest ratio is currently 0.3 days.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN:FTF traded down $0.03 on Monday, reaching $5.33. The stock had a trading volume of 269,859 shares, compared to its average volume of 200,165. Franklin Limited Duration Income Trust has a 1-year low of $5.30 and a 1-year high of $6.42. The stock has a fifty day moving average price of $5.72 and a 200-day moving average price of $5.81.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a $0.0615 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 13.8%.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Franklin Limited Duration Income Trust by 3.9% during the first quarter. Royal Bank of Canada now owns 68,163 shares of the company’s stock worth $397,000 after purchasing an additional 2,538 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Franklin Limited Duration Income Trust by 22.7% in the second quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock valued at $93,000 after buying an additional 2,957 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Franklin Limited Duration Income Trust by 2.9% in the first quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock valued at $1,066,000 after buying an additional 5,210 shares during the last quarter. Procyon Advisors LLC lifted its position in Franklin Limited Duration Income Trust by 83.2% during the 1st quarter. Procyon Advisors LLC now owns 19,819 shares of the company’s stock worth $116,000 after buying an additional 9,000 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Franklin Limited Duration Income Trust by 5.4% during the 1st quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock worth $1,125,000 after acquiring an additional 9,928 shares during the last quarter.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end management investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while managing interest-rate risk through a portfolio with a limited average duration.

The fund invests primarily in fixed-income securities, including corporate bonds, floating-rate loans and other debt instruments. Its holdings may include investment-grade and below-investment-grade securities issued by companies, governments and other entities in the United States and international markets.