Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,631 shares, a drop of 72.7% from the May 31st total of 5,981 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 29,653 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in shares of Franklin Responsibly Sourced Gold ETF in the third quarter valued at $5,357,000. Maridea Wealth Management LLC bought a new stake in Franklin Responsibly Sourced Gold ETF during the first quarter worth $2,983,000. Avise Financial Cooperative Inc. bought a new stake in Franklin Responsibly Sourced Gold ETF during the fourth quarter worth $896,000. OneDigital Investment Advisors LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF in the third quarter valued at $704,000. Finally, World Investment Advisors acquired a new stake in Franklin Responsibly Sourced Gold ETF in the fourth quarter valued at $240,000.
Franklin Responsibly Sourced Gold ETF Stock Performance
FGDL stock traded down $0.71 during trading on Monday, hitting $53.39. The company had a trading volume of 20,366 shares, compared to its average volume of 59,100. The firm has a 50-day moving average price of $59.39 and a 200-day moving average price of $62.03. Franklin Responsibly Sourced Gold ETF has a 12 month low of $43.56 and a 12 month 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.
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