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%.
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.
Featured Story: Why Invest in Dividend Kings
Receive News & Ratings for Franklin Limited Duration Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Limited Duration Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.