Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 175,392 shares, a drop of 71.1% from the October 15th total of 605,948 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 340,337 shares, the short-interest ratio is currently 0.5 days.

Franklin Limited Duration Income Trust stock opened at $9.39 on Friday. Franklin Limited Duration Income Trust has a one year low of $9.22 and a one year high of $12.05.

The business also recently declared a oct 18 dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a $0.0953 dividend. This represents a dividend yield of 12.03%. The ex-dividend date is Tuesday, October 30th.

Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 8.8% in the second quarter. Commonwealth Equity Services LLC now owns 56,189 shares of the company’s stock worth $614,000 after acquiring an additional 4,542 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Franklin Limited Duration Income Trust by 15.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 56,453 shares of the company’s stock worth $616,000 after acquiring an additional 7,553 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of Franklin Limited Duration Income Trust in the second quarter worth $864,000. Sheaff Brock Investment Advisors LLC bought a new position in shares of Franklin Limited Duration Income Trust in the second quarter worth $109,000. Finally, Fiera Capital Corp bought a new position in shares of Franklin Limited Duration Income Trust in the second quarter worth $113,000.

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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.

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