Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,520 shares, an increase of 133.5% from the May 14th total of 7,502 shares. Based on an average daily volume of 67,893 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF
Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Franklin Investment Grade Corporate ETF by 21.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after purchasing an additional 463 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Franklin Investment Grade Corporate ETF during the 4th quarter worth approximately $58,000. Royal Bank of Canada increased its stake in shares of Franklin Investment Grade Corporate ETF by 30.0% during the 4th quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after purchasing an additional 1,891 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Franklin Investment Grade Corporate ETF by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after buying an additional 954 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in Franklin Investment Grade Corporate ETF by 433.7% in the 3rd quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock worth $420,000 after buying an additional 15,606 shares during the period.
Franklin Investment Grade Corporate ETF Stock Performance
Shares of FLCO stock opened at $21.40 on Monday. The company has a 50 day moving average of $21.40 and a 200-day moving average of $21.57. Franklin Investment Grade Corporate ETF has a 12-month low of $21.09 and a 12-month high of $22.10.
About Franklin Investment Grade Corporate ETF
The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.
Recommended Stories
- Five stocks we like better than Franklin Investment Grade Corporate ETF
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for Franklin Investment Grade Corporate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Investment Grade Corporate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
