Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 11,457 shares, a growth of 453.2% from the July 15th total of 2,071 shares. Based on an average daily trading volume, of 18,257 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of Franklin Responsibly Sourced Gold ETF
A number of institutional investors have recently bought and sold shares of FGDL. Comerica Bank bought a new position in shares of Franklin Responsibly Sourced Gold ETF during the first quarter worth approximately $48,000. Jane Street Group LLC boosted its stake 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 buying an additional 18,319 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Franklin Responsibly Sourced Gold ETF in the second quarter valued at approximately $35,000. Bank of America Corp DE acquired a new stake in Franklin Responsibly Sourced Gold ETF during the second quarter worth approximately $120,000. Finally, Osaic Holdings Inc. grew its position in Franklin Responsibly Sourced Gold ETF by 104.0% during the second quarter. Osaic Holdings Inc. now owns 23,968 shares of the company’s stock worth $1,054,000 after buying an additional 12,220 shares in the last quarter.
Franklin Responsibly Sourced Gold ETF Price Performance
Shares of Franklin Responsibly Sourced Gold ETF stock opened at $57.86 on Friday. The firm has a 50-day moving average of $55.17 and a 200-day moving average of $60.87. Franklin Responsibly Sourced Gold ETF has a 52-week low of $44.20 and a 52-week 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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