Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Up 125.8% in June

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 65,158 shares, a growth of 125.8% from the June 15th total of 28,860 shares. Based on an average daily volume of 172,124 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Franklin High Yield Corporate ETF Price Performance

Shares of BATS FLHY opened at $24.21 on Friday. The business has a 50-day moving average price of $24.23 and a 200 day moving average price of $24.33. Franklin High Yield Corporate ETF has a 52-week low of $23.82 and a 52-week high of $24.63.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Large investors have recently modified their holdings of the company. Hantz Financial Services Inc. increased its stake in Franklin High Yield Corporate ETF by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,882,471 shares of the company’s stock valued at $45,961,000 after purchasing an additional 64,670 shares during the period. LPL Financial LLC increased its position in Franklin High Yield Corporate ETF by 12.0% in the 4th quarter. LPL Financial LLC now owns 1,328,195 shares of the company’s stock valued at $32,428,000 after acquiring an additional 142,587 shares during the period. Ameriprise Financial Inc. increased its position in Franklin High Yield Corporate ETF by 153.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock valued at $27,497,000 after acquiring an additional 679,295 shares during the period. Prentice Wealth Management LLC increased its position in Franklin High Yield Corporate ETF by 72.5% in the 1st quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock valued at $24,403,000 after acquiring an additional 424,952 shares during the period. Finally, Assetmark Inc. lifted its position in Franklin High Yield Corporate ETF by 5.4% during the 4th quarter. Assetmark Inc. now owns 832,848 shares of the company’s stock worth $20,334,000 after acquiring an additional 42,330 shares during the period.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.