Franklin Limited Duration Income Trust of Beneficial Interest (FTF) Sees Significant Decrease in Short Interest

Franklin Limited Duration Income Trust of Beneficial Interest (NYSE:FTF) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 183,368 shares, a decline of 40.1% from the February 28th total of 306,059 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 157,273 shares, the days-to-cover ratio is currently 1.2 days.

Shares of Franklin Limited Duration Income Trust of Beneficial Interest (NYSE:FTF) traded down 0.33% during midday trading on Friday, hitting $11.99. 131,577 shares of the stock were exchanged. The firm’s 50-day moving average is $11.99 and its 200 day moving average is $12.03. The firm has a market cap of $321.27 million and a PE ratio of 12.00. Franklin Limited Duration Income Trust of Beneficial Interest has a 52-week low of $11.31 and a 52-week high of $12.45.

The company also recently announced a monthly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be paid a dividend of $0.1079 per share. This represents a $1.29 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Wednesday, April 26th.

In other news, major shareholder Saba Capital Management, L.P. sold 14,757 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $11.97, for a total value of $176,641.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 1,993,013 shares of company stock valued at $24,780,971.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/04/21/short-interest-in-franklin-limited-duration-income-trust-of-beneficial-interest-ftf-drops-by-40-1-updated-updated.html.

5 Day Chart for NYSE:FTF

Receive News & Ratings for Franklin Limited Duration Income Trust of Beneficial Interest 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 of Beneficial Interest and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply