Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Drops By 18.4%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,198 shares, a decrease of 18.4% from the January 15th total of 17,410 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 75,534 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 75,534 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Franklin Ultra Short Bond ETF Trading Up 0.0%

FLUD traded up $0.01 on Tuesday, hitting $25.06. The company had a trading volume of 8,145 shares, compared to its average volume of 80,050. The business’s fifty day simple moving average is $25.02 and its 200 day simple moving average is $25.03. Franklin Ultra Short Bond ETF has a 12-month low of $24.46 and a 12-month high of $26.70.

Franklin Ultra Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0754 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in shares of Franklin Ultra Short Bond ETF by 105.6% during the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock valued at $806,000 after buying an additional 16,529 shares during the period. Citadel Advisors LLC increased its position in Franklin Ultra Short Bond ETF by 40.7% during the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after purchasing an additional 9,491 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Franklin Ultra Short Bond ETF during the 4th quarter valued at about $893,000. Royal Bank of Canada purchased a new stake in shares of Franklin Ultra Short Bond ETF in the 1st quarter worth approximately $973,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Franklin Ultra Short Bond ETF during the fourth quarter valued at approximately $999,000.

Franklin Ultra Short Bond ETF Company Profile

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.