Franklin Universal Trust (NYSE:FT – Get Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 13,670 shares, a drop of 38.2% from the May 14th total of 22,123 shares. Based on an average daily volume of 43,635 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On Franklin Universal Trust
A number of institutional investors have recently modified their holdings of the business. Independent Financial Group LLC acquired a new position in shares of Franklin Universal Trust in the 1st quarter valued at $99,000. Invesco Ltd. increased its holdings in shares of Franklin Universal Trust by 7.6% in the 4th quarter. Invesco Ltd. now owns 24,001 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,686 shares during the period. Evolve Private Wealth LLC acquired a new position in shares of Franklin Universal Trust in the 4th quarter valued at $899,000. Cetera Investment Advisers increased its holdings in shares of Franklin Universal Trust by 10.5% in the 4th quarter. Cetera Investment Advisers now owns 108,336 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 10,297 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Franklin Universal Trust by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 109,700 shares of the financial services provider’s stock valued at $878,000 after acquiring an additional 3,218 shares during the period.
Franklin Universal Trust Price Performance
FT stock opened at $7.99 on Monday. Franklin Universal Trust has a twelve month low of $7.43 and a twelve month high of $8.35. The company’s 50 day moving average is $8.10 and its two-hundred day moving average is $8.09.
Franklin Universal Trust Dividend Announcement
Franklin Universal Trust Company Profile
Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.
The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.
See Also
- Five stocks we like better than Franklin Universal Trust
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for Franklin Universal Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Universal Trust and related companies with MarketBeat.com's FREE daily email newsletter.
