Franklin Universal Trust (NYSE:FT – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 18,900 shares, an increase of 27.7% from the June 30th total of 14,800 shares. Based on an average trading volume of 43,300 shares, the short-interest ratio is currently 0.4 days.
Franklin Universal Trust Trading Up 0.9 %
Shares of FT stock opened at $6.93 on Friday. Franklin Universal Trust has a 1-year low of $5.97 and a 1-year high of $7.06. The firm’s 50-day simple moving average is $6.84 and its 200-day simple moving average is $6.66.
Franklin Universal Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $0.51 annualized dividend and a dividend yield of 7.36%.
Institutional Inflows and Outflows
About Franklin Universal Trust
Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.
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