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Franklin Universal Trust's short interest surged 46.5% in March, while it announced a monthly dividend of $0.0425 per share.
Franklin Universal Trust (FT) saw its short interest rise by 46.5% in March to 46,600 shares, with a days-to-cover ratio of 1.1 days.
The company, a closed-ended balanced mutual fund focused on US equity and fixed income markets, especially utilities, announced a monthly dividend of $0.0425 per share, payable on March 31.
The stock price is $7.50, with an annualized dividend yield of 6.80%.
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El corto interés de Franklin Universal Trust aumentó 46,5% en marzo, mientras que anunció un dividendo mensual de $0.0425 por acción.