Franklin High Yield Corporate ETF (BATS:FLHY – Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 264,354 shares, an increase of 2,628.7% from the April 15th total of 9,688 shares. Based on an average trading volume of 507,010 shares, the short-interest ratio is presently 0.5 days. Currently, 1.0% of the company’s stock are short sold.
Franklin High Yield Corporate ETF Trading Down 0.1%
Shares of BATS FLHY opened at $24.30 on Tuesday. The business’s fifty day simple moving average is $24.25 and its 200-day simple moving average is $24.38. Franklin High Yield Corporate ETF has a 12-month low of $23.77 and a 12-month high of $24.63.
Institutional Investors Weigh In On Franklin High Yield Corporate ETF
A number of hedge funds have recently bought and sold shares of FLHY. Geneos Wealth Management Inc. boosted its stake in shares of Franklin High Yield Corporate ETF by 59.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after buying an additional 650 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Franklin High Yield Corporate ETF during the fourth quarter worth approximately $77,000. US Bancorp DE raised its holdings in Franklin High Yield Corporate ETF by 52.7% in the third quarter. US Bancorp DE now owns 4,593 shares of the company’s stock valued at $113,000 after acquiring an additional 1,585 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Franklin High Yield Corporate ETF by 24.4% in the fourth quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock valued at $182,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Franklin High Yield Corporate ETF in the third quarter valued at approximately $196,000.
Franklin High Yield Corporate ETF Company Profile
The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.
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