Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 78,000 shares, a growth of 2,008.1% from the December 15th total of 3,700 shares. Based on an average daily trading volume, of 160,000 shares, the short-interest ratio is presently 0.5 days.
Shares of NYSEAMERICAN FTF opened at $8.97 on Friday. Franklin Limited Duration Income Trust has a 52-week low of $8.62 and a 52-week high of $9.63.
The business also recently announced a monthly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were issued a $0.0756 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date of this dividend was Thursday, December 30th.
Franklin Limited Duration Income Trust Company Profile
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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