Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Up 256.1% in August

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 47,214 shares, a growth of 256.1% from the July 30th total of 13,260 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 81,751 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter worth $244,000. JPMorgan Chase & Co. grew its position in Franklin U.S. Treasury Bond ETF by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock worth $258,000 after purchasing an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Franklin U.S. Treasury Bond ETF during the fourth quarter worth $287,000. GC Wealth Management RIA LLC bought a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter worth $371,000. Finally, GeoWealth Management LLC bought a new stake in Franklin U.S. Treasury Bond ETF in the fourth quarter worth about $371,000.

Franklin U.S. Treasury Bond ETF Price Performance

FLGV stock opened at $20.03 on Thursday. The company’s 50-day moving average is $20.08 and its 200-day moving average is $20.29. Franklin U.S. Treasury Bond ETF has a 1 year low of $19.91 and a 1 year high of $20.89.

About Franklin U.S. Treasury Bond ETF

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.