Franklin Universal Trust (NYSE:FT) Short Interest Update

Franklin Universal Trust (NYSE:FT) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,255 shares, a decline of 75.3% from the June 15th total of 17,247 shares. Based on an average daily volume of 35,960 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Franklin Universal Trust

Several large investors have recently bought and sold shares of the business. Noble Wealth Management PBC purchased a new position in Franklin Universal Trust in the 4th quarter worth approximately $32,000. Spire Wealth Management purchased a new stake in shares of Franklin Universal Trust in the fourth quarter valued at approximately $40,000. PNC Financial Services Group Inc. grew its position in shares of Franklin Universal Trust by 61.6% in the third quarter. PNC Financial Services Group Inc. now owns 5,174 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,972 shares in the last quarter. PMG Family Office LLC acquired a new stake in shares of Franklin Universal Trust in the third quarter valued at approximately $93,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Franklin Universal Trust in the first quarter valued at approximately $99,000.

Franklin Universal Trust Trading Up 0.3%

Shares of NYSE FT opened at $8.07 on Tuesday. The firm has a 50-day simple moving average of $8.03 and a 200-day simple moving average of $8.10. Franklin Universal Trust has a 52 week low of $7.57 and a 52 week high of $8.35.

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.