Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 8,687 shares, a drop of 71.4% from the August 15th total of 30,370 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 17,217 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On Franklin Liberty Short Duration US Government ETF
A number of institutional investors and hedge funds have recently made changes to their positions in FTSD. Royal Bank of Canada boosted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 1.4% in the 1st quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock valued at $1,483,000 after buying an additional 225 shares during the last quarter. Raymond James Financial Inc. raised its position in Franklin Liberty Short Duration US Government ETF by 8.3% during the third quarter. Raymond James Financial Inc. now owns 63,527 shares of the company’s stock worth $5,785,000 after acquiring an additional 4,863 shares in the last quarter. Bank of America Corp DE lifted its stake in Franklin Liberty Short Duration US Government ETF by 1.9% in the third quarter. Bank of America Corp DE now owns 92,550 shares of the company’s stock valued at $8,428,000 after acquiring an additional 1,708 shares during the last quarter. Citadel Advisors LLC lifted its stake in Franklin Liberty Short Duration US Government ETF by 411.1% in the third quarter. Citadel Advisors LLC now owns 47,750 shares of the company’s stock valued at $4,348,000 after acquiring an additional 38,407 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its position in shares of Franklin Liberty Short Duration US Government ETF by 24.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 13,373 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,637 shares during the period.
Franklin Liberty Short Duration US Government ETF Price Performance
Shares of NYSEARCA:FTSD traded down $0.11 during midday trading on Friday, reaching $89.42. The company had a trading volume of 9,012 shares, compared to its average volume of 27,208. Franklin Liberty Short Duration US Government ETF has a 1-year low of $89.33 and a 1-year high of $91.51. The business’s 50 day moving average price is $90.02 and its 200 day moving average price is $90.35.
About Franklin Liberty Short Duration US Government ETF
The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.
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