Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Declines By 64.1%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,094 shares, a decrease of 64.1% from the January 29th total of 14,198 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 120,673 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 120,673 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Franklin Ultra Short Bond ETF Stock Performance

Shares of Franklin Ultra Short Bond ETF stock traded down $0.01 during trading on Friday, reaching $25.07. The company’s stock had a trading volume of 23,212 shares, compared to its average volume of 105,562. The company has a 50-day moving average price of $25.03 and a two-hundred day moving average price of $25.03. Franklin Ultra Short Bond ETF has a fifty-two week low of $24.46 and a fifty-two week high of $26.70.

Franklin Ultra Short Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.0754 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada purchased a new position in shares of Franklin Ultra Short Bond ETF during the first quarter worth about $973,000. Franklin Resources Inc. grew its stake in shares of Franklin Ultra Short Bond ETF by 49.9% in the 2nd quarter. Franklin Resources Inc. now owns 5,671,900 shares of the company’s stock valued at $142,024,000 after purchasing an additional 1,889,100 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock valued at $806,000 after purchasing an additional 16,529 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Franklin Ultra Short Bond ETF by 40.7% in the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after purchasing an additional 9,491 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Franklin Ultra Short Bond ETF during the fourth quarter worth approximately $893,000.

Franklin Ultra Short Bond ETF Company Profile

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.