Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Update

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 103,599 shares, an increase of 135.9% from the April 15th total of 43,917 shares. Based on an average daily trading volume, of 60,815 shares, the short-interest ratio is currently 1.7 days. Approximately 1.0% of the company’s shares are short sold.

Franklin Ultra Short Bond ETF Stock Performance

Shares of Franklin Ultra Short Bond ETF stock traded up $0.01 during mid-day trading on Friday, hitting $25.00. The stock had a trading volume of 305,730 shares, compared to its average volume of 141,843. The firm has a 50-day moving average of $24.99 and a two-hundred day moving average of $25.01. Franklin Ultra Short Bond ETF has a 12-month low of $24.46 and a 12-month high of $26.70.

Institutional Trading of Franklin Ultra Short Bond ETF

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at approximately $211,000. Janney Montgomery Scott LLC purchased a new stake in shares of Franklin Ultra Short Bond ETF in the 1st quarter valued at approximately $355,000. CacheTech Inc. purchased a new stake in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at approximately $739,000. 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 buying an additional 16,529 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after buying an additional 9,491 shares during the period.

About Franklin Ultra Short Bond ETF

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.