Short Interest in Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Drops By 63.1%

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 4,100 shares, a decline of 63.1% from the December 31st total of 11,123 shares. Based on an average trading volume of 39,754 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 39,754 shares, the days-to-cover ratio is presently 0.1 days.

Franklin Liberty Short Duration US Government ETF Stock Performance

Shares of Franklin Liberty Short Duration US Government ETF stock opened at $91.09 on Wednesday. The business has a 50 day moving average of $90.99 and a 200 day moving average of $90.92. Franklin Liberty Short Duration US Government ETF has a 52 week low of $89.65 and a 52 week high of $93.47.

Institutional Investors Weigh In On Franklin Liberty Short Duration US Government ETF

Several institutional investors and hedge funds have recently modified their holdings of FTSD. PNC Financial Services Group Inc. boosted its stake in shares of Franklin Liberty Short Duration US Government ETF by 891.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 466 shares of the company’s stock valued at $42,000 after purchasing an additional 419 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Franklin Liberty Short Duration US Government ETF in the second quarter worth about $56,000. Steward Partners Investment Advisory LLC purchased a new stake in Franklin Liberty Short Duration US Government ETF in the second quarter worth about $63,000. Ameriflex Group Inc. bought a new stake in Franklin Liberty Short Duration US Government ETF during the 3rd quarter valued at approximately $180,000. Finally, Envestnet Asset Management Inc. bought a new stake in Franklin Liberty Short Duration US Government ETF during the 2nd quarter valued at approximately $217,000.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.