Franklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 30,922 shares, a drop of 43.4% from the June 15th total of 54,625 shares. Based on an average daily trading volume, of 579,036 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Franklin Ultra Short Bond ETF Stock Performance
Shares of NYSEARCA FLUD opened at $25.01 on Friday. Franklin Ultra Short Bond ETF has a 12 month low of $24.85 and a 12 month high of $26.07. The company has a 50 day simple moving average of $24.99 and a two-hundred day simple moving average of $25.00.
Institutional Trading of Franklin Ultra Short Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of FLUD. Cetera Investment Advisers raised its holdings in shares of Franklin Ultra Short Bond ETF by 181.9% during the 1st quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock worth $595,000 after acquiring an additional 15,345 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Franklin Ultra Short Bond ETF in the first quarter valued at about $355,000. Kestra Private Wealth Services LLC acquired a new stake in Franklin Ultra Short Bond ETF during the first quarter worth about $5,378,000. CacheTech Inc. acquired a new stake in Franklin Ultra Short Bond ETF during the fourth quarter worth about $739,000. Finally, Royal Bank of Canada increased its position in Franklin Ultra Short Bond ETF by 713.9% during the fourth quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock worth $4,291,000 after purchasing an additional 150,627 shares during the last quarter.
About Franklin Ultra Short Bond ETF
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.
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