Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Drop in Short Interest

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 13,260 shares, a decrease of 48.5% from the July 15th total of 25,736 shares. Based on an average trading volume of 99,521 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

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

Several large investors have recently made changes to their positions in FLGV. Assetmark Inc. bought a new position in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter valued at $27,000. Foundations Investment Advisors LLC bought a new stake in Franklin U.S. Treasury Bond ETF during the fourth quarter worth $244,000. JPMorgan Chase & Co. lifted its stake in Franklin U.S. Treasury Bond ETF by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after acquiring an additional 3,486 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Franklin U.S. Treasury Bond ETF in the fourth quarter valued at $287,000. Finally, GC Wealth Management RIA LLC bought a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $371,000.

Franklin U.S. Treasury Bond ETF Stock Performance

NYSEARCA FLGV traded down $0.04 during trading hours on Friday, hitting $19.97. 75,757 shares of the company traded hands, compared to its average volume of 132,004. The business’s 50-day moving average is $20.11 and its 200-day moving average is $20.32. Franklin U.S. Treasury Bond ETF has a twelve month low of $19.92 and a twelve month high of $20.89.

Franklin U.S. Treasury Bond ETF Company Profile

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.