Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 10,495 shares, a drop of 57.1% from the September 15th total of 24,485 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 146,625 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC acquired a new position in Franklin Investment Grade Corporate ETF in the second quarter valued at approximately $1,097,000. Compound Planning Inc. boosted its position in Franklin Investment Grade Corporate ETF by 22.2% in the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after purchasing an additional 10,214 shares in the last quarter. Cetera Investment Advisers boosted its position in Franklin Investment Grade Corporate ETF by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock worth $2,453,000 after purchasing an additional 23,158 shares in the last quarter. Sequent Planning LLC grew its stake in shares of Franklin Investment Grade Corporate ETF by 11.2% during the 1st quarter. Sequent Planning LLC now owns 129,939 shares of the company’s stock worth $2,783,000 after purchasing an additional 13,118 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of Franklin Investment Grade Corporate ETF by 49.5% during the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock worth $3,794,000 after purchasing an additional 58,586 shares during the period.
Franklin Investment Grade Corporate ETF Stock Performance
Shares of NYSEARCA FLCO traded up $0.02 during trading on Wednesday, reaching $20.38. 54,254 shares of the company traded hands, compared to its average volume of 89,930. The firm’s fifty day simple moving average is $20.71 and its 200 day simple moving average is $21.11. Franklin Investment Grade Corporate ETF has a 12-month low of $20.13 and a 12-month high of $22.10.
Franklin Investment Grade Corporate ETF Company Profile
The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.
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