Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Short Interest Up 116.7% in September

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 14,300 shares, an increase of 116.7% from the September 15th total of 6,600 shares. Based on an average trading volume of 129,700 shares, the short-interest ratio is currently 0.1 days.

FTF stock traded up $0.03 during mid-day trading on Thursday, reaching $9.12. The company’s stock had a trading volume of 1,049 shares, compared to its average volume of 131,179. Franklin Limited Duration Income Trust has a fifty-two week low of $8.21 and a fifty-two week high of $9.63.

The company also recently declared a monthly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a $0.077 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $0.92 annualized dividend and a dividend yield of 10.13%.

Several institutional investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. purchased a new stake in shares of Franklin Limited Duration Income Trust in the 3rd quarter valued at approximately $1,834,000. Invesco Ltd. grew its stake in shares of Franklin Limited Duration Income Trust by 14.6% in the 2nd quarter. Invesco Ltd. now owns 334,025 shares of the company’s stock valued at $3,076,000 after buying an additional 42,675 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at approximately $96,000. Lazard Asset Management LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at approximately $313,000. Finally, SeaCrest Wealth Management LLC grew its stake in shares of Franklin Limited Duration Income Trust by 11.2% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 37,340 shares of the company’s stock valued at $344,000 after buying an additional 3,756 shares during the period.

About Franklin Limited Duration Income Trust

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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