Short Interest in Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Grows By 392.4%

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 111,509 shares, an increase of 392.4% from the May 31st total of 22,646 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 53,405 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Franklin U.S. Treasury Bond ETF

A number of hedge funds have recently made changes to their positions in the business. Sequent Planning LLC purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the 3rd quarter worth approximately $5,432,000. Bank of America Corp DE lifted its position in shares of Franklin U.S. Treasury Bond ETF by 5.0% during the 3rd quarter. Bank of America Corp DE now owns 5,461,509 shares of the company’s stock valued at $112,726,000 after buying an additional 262,232 shares during the last quarter. MGO One Seven LLC grew its stake in shares of Franklin U.S. Treasury Bond ETF by 1,144.5% during the 4th quarter. MGO One Seven LLC now owns 191,264 shares of the company’s stock worth $3,925,000 after acquiring an additional 175,895 shares during the period. Cetera Investment Advisers grew its stake in shares of Franklin U.S. Treasury Bond ETF by 49.4% during the 4th quarter. Cetera Investment Advisers now owns 516,521 shares of the company’s stock worth $10,599,000 after acquiring an additional 170,887 shares during the period. Finally, LPL Financial LLC increased its holdings in Franklin U.S. Treasury Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 643,340 shares of the company’s stock worth $13,201,000 after acquiring an additional 129,546 shares during the last quarter.

Franklin U.S. Treasury Bond ETF Stock Performance

Shares of NYSEARCA FLGV traded up $0.02 during trading on Friday, hitting $20.35. The stock had a trading volume of 31,934 shares, compared to its average volume of 142,452. Franklin U.S. Treasury Bond ETF has a 12 month low of $19.96 and a 12 month high of $21.30. The firm has a fifty day moving average of $20.26 and a two-hundred day moving average of $20.44.

Franklin U.S. Treasury Bond ETF Company Profile

(Get Free Report)

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.

Further Reading

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