Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Update

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 35,895 shares, an increase of 588.3% from the December 31st total of 5,215 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 76,904 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 76,904 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank acquired a new position in Franklin Responsibly Sourced Gold ETF in the 1st quarter valued at $48,000. Jane Street Group LLC grew its position in shares of Franklin Responsibly Sourced Gold ETF by 18.5% in the first quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock valued at $4,903,000 after purchasing an additional 18,319 shares during the last quarter. Trademark Financial Management LLC increased its stake in shares of Franklin Responsibly Sourced Gold ETF by 8.6% in the second quarter. Trademark Financial Management LLC now owns 6,803 shares of the company’s stock worth $299,000 after purchasing an additional 537 shares during the period. 3EDGE Asset Management LP increased its stake in shares of Franklin Responsibly Sourced Gold ETF by 22.3% in the second quarter. 3EDGE Asset Management LP now owns 76,275 shares of the company’s stock worth $3,354,000 after purchasing an additional 13,933 shares during the period. Finally, Cozad Asset Management Inc. acquired a new position in shares of Franklin Responsibly Sourced Gold ETF during the 2nd quarter worth about $224,000.

Franklin Responsibly Sourced Gold ETF Stock Up 0.4%

Shares of FGDL stock traded up $0.31 during trading on Thursday, reaching $72.09. The company had a trading volume of 183,848 shares, compared to its average volume of 89,860. The firm’s 50 day simple moving average is $59.28 and its two-hundred day simple moving average is $52.89. Franklin Responsibly Sourced Gold ETF has a one year low of $37.16 and a one year high of $74.24.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.