Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,676 shares, a decrease of 93.2% from the September 15th total of 39,518 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 15,322 shares, the days-to-cover ratio is presently 0.2 days.
Franklin Responsibly Sourced Gold ETF Stock Performance
Franklin Responsibly Sourced Gold ETF stock traded up $0.87 during mid-day trading on Friday, hitting $55.84. The company had a trading volume of 7,184 shares, compared to its average volume of 43,396. The business has a fifty day moving average of $57.74 and a 200 day moving average of $58.26. Franklin Responsibly Sourced Gold ETF has a 1 year low of $52.00 and a 1 year high of $74.24.
Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF
Several hedge funds have recently made changes to their positions in the company. Eastern Bank increased its position in shares of Franklin Responsibly Sourced Gold ETF by 7.6% during the third quarter. Eastern Bank now owns 118,876 shares of the company’s stock worth $6,570,000 after purchasing an additional 8,439 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF in the 1st quarter valued at about $2,983,000. Envestnet Portfolio Solutions Inc. grew its stake in Franklin Responsibly Sourced Gold ETF by 3.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,130 shares of the company’s stock worth $2,622,000 after buying an additional 1,491 shares during the last quarter. PFG Investments LLC increased its position in Franklin Responsibly Sourced Gold ETF by 22.7% during the first quarter. PFG Investments LLC now owns 12,132 shares of the company’s stock worth $754,000 after buying an additional 2,245 shares during the period. Finally, Mason & Associates Inc increased its position in Franklin Responsibly Sourced Gold ETF by 3.1% during the second quarter. Mason & Associates Inc now owns 8,987 shares of the company’s stock worth $480,000 after buying an additional 272 shares during the period.
About Franklin Responsibly Sourced Gold ETF
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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