Franklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 37,044 shares, a decrease of 64.2% from the April 30th total of 103,599 shares. Based on an average daily trading volume, of 528,364 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.
Franklin Ultra Short Bond ETF Stock Up 0.2%
Shares of NYSEARCA FLUD traded up $0.04 during midday trading on Friday, hitting $25.02. 81,291 shares of the company’s stock were exchanged, compared to its average volume of 136,847. The business’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $25.01. Franklin Ultra Short Bond ETF has a 12-month low of $24.46 and a 12-month high of $26.70.
Institutional Investors Weigh In On Franklin Ultra Short Bond ETF
A number of hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC purchased a new stake in Franklin Ultra Short Bond ETF in the 1st quarter worth $5,378,000. Royal Bank of Canada raised its stake in Franklin Ultra Short Bond ETF by 713.9% during the fourth quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock valued at $4,291,000 after purchasing an additional 150,627 shares in the last quarter. LPL Financial LLC raised its position in shares of Franklin Ultra Short Bond ETF by 57.3% during the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock valued at $4,397,000 after buying an additional 64,095 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Franklin Ultra Short Bond ETF during the fourth quarter valued at approximately $999,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Franklin Ultra Short Bond ETF in the fourth quarter worth $893,000.
About Franklin Ultra Short Bond ETF
The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.
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