Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Down 84.0% in February

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,209 shares, a drop of 84.0% from the February 12th total of 7,541 shares. Based on an average trading volume of 37,291 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 37,291 shares, the days-to-cover ratio is currently 0.0 days.

Franklin Responsibly Sourced Gold ETF Price Performance

FGDL traded up $0.64 during trading on Tuesday, reaching $69.40. 42,971 shares of the company’s stock were exchanged, compared to its average volume of 68,599. The company’s fifty day moving average price is $65.31 and its 200-day moving average price is $57.59. Franklin Responsibly Sourced Gold ETF has a fifty-two week low of $38.89 and a fifty-two week high of $74.24.

Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF

A number of institutional investors have recently made changes to their positions in FGDL. Sankala Group LLC bought a new stake in Franklin Responsibly Sourced Gold ETF in the fourth quarter valued at about $283,000. Sonoma Allocations LLC bought a new position in Franklin Responsibly Sourced Gold ETF during the fourth quarter worth about $303,000. Cetera Investment Advisers boosted its holdings in Franklin Responsibly Sourced Gold ETF by 6.7% during the fourth quarter. Cetera Investment Advisers now owns 61,356 shares of the company’s stock worth $3,534,000 after buying an additional 3,827 shares during the last quarter. GeoWealth Management LLC grew its position in shares of Franklin Responsibly Sourced Gold ETF by 15.4% during the 4th quarter. GeoWealth Management LLC now owns 9,041 shares of the company’s stock worth $521,000 after buying an additional 1,206 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Franklin Responsibly Sourced Gold ETF by 94.7% during the 4th quarter. Royal Bank of Canada now owns 4,889 shares of the company’s stock worth $282,000 after buying an additional 2,378 shares during the period.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.