Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Drops By 39.5%

Franklin High Yield Corporate ETF (BATS:FLHY – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 28,860 shares, a decrease of 39.5% from the May 31st total of 47,718 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 192,912 shares, the short-interest ratio is currently 0.1 days.

Franklin High Yield Corporate ETF Price Performance

FLHY opened at $24.18 on Thursday. The company’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $24.34. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63.

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Hedge Funds Weigh In On Franklin High Yield Corporate ETF

A number of large investors have recently bought and sold shares of FLHY. Geneos Wealth Management Inc. grew its stake in shares of Franklin High Yield Corporate ETF by 59.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after buying an additional 650 shares during the period. JPMorgan Chase & Co. raised its position in shares of Franklin High Yield Corporate ETF by 352.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,847 shares of the company’s stock worth $264,000 after buying an additional 8,447 shares during the period. Jane Street Group LLC boosted its holdings in Franklin High Yield Corporate ETF by 15.5% in the second quarter. Jane Street Group LLC now owns 14,262 shares of the company’s stock valued at $347,000 after acquiring an additional 1,914 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Franklin High Yield Corporate ETF by 6.2% in the second quarter. Ameriprise Financial Inc. now owns 441,605 shares of the company’s stock valued at $10,753,000 after acquiring an additional 25,670 shares during the last quarter. Finally, Global View Capital Management LLC purchased a new stake in Franklin High Yield Corporate ETF during the second quarter valued at about $768,000.

Franklin High Yield Corporate ETF Company Profile

(Get Free Report)

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.

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