Franklin Senior Loan ETF (BATS:FLBL – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 727,361 shares, a growth of 247.0% from the July 15th total of 209,639 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 214,718 shares, the short-interest ratio is currently 3.4 days.
Franklin Senior Loan ETF Stock Performance
Shares of BATS FLBL opened at $23.08 on Friday. Franklin Senior Loan ETF has a fifty-two week low of $22.57 and a fifty-two week high of $24.22. The business has a 50 day moving average price of $22.93 and a two-hundred day moving average price of $23.00.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in FLBL. Eagle Bay Advisors LLC acquired a new stake in shares of Franklin Senior Loan ETF in the 4th quarter valued at about $25,000. Fifth Third Bancorp bought a new position in shares of Franklin Senior Loan ETF during the first quarter worth about $32,000. Flagship Harbor Advisors LLC acquired a new position in Franklin Senior Loan ETF in the fourth quarter worth about $33,000. Geneos Wealth Management Inc. grew its stake in Franklin Senior Loan ETF by 218.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $61,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Franklin Senior Loan ETF by 690.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,493 shares of the company’s stock valued at $82,000 after buying an additional 3,051 shares during the last quarter.
About Franklin Senior Loan ETF
The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.
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