Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 38,490 shares, a growth of 755.7% from the August 15th total of 4,498 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 22,702 shares, the short-interest ratio is currently 1.7 days.
Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF
Hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in shares of Franklin Responsibly Sourced Gold ETF by 12.6% during the fourth quarter. LPL Financial LLC now owns 259,327 shares of the company’s stock worth $14,937,000 after acquiring an additional 29,017 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Franklin Responsibly Sourced Gold ETF by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 222,988 shares of the company’s stock worth $12,844,000 after purchasing an additional 7,732 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Franklin Responsibly Sourced Gold ETF by 18.5% during the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock worth $4,903,000 after purchasing an additional 18,319 shares in the last quarter. Eastern Bank purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 2nd quarter worth about $5,894,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 3.7% during the 4th quarter. JPMorgan Chase & Co. now owns 107,504 shares of the company’s stock valued at $6,192,000 after buying an additional 3,808 shares during the last quarter.
Franklin Responsibly Sourced Gold ETF Stock Performance
Shares of FGDL stock traded up $0.31 during trading on Friday, hitting $57.87. 7,526 shares of the company were exchanged, compared to its average volume of 46,521. The business’s 50-day simple moving average is $56.85 and its 200 day simple moving average is $59.82. Franklin Responsibly Sourced Gold ETF has a twelve month low of $48.51 and a twelve 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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