Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Down 60.7% in August

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 4,498 shares, a decline of 60.7% from the July 30th total of 11,457 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 14,364 shares, the short-interest ratio is presently 0.3 days.

Franklin Responsibly Sourced Gold ETF Trading Down 3.1%

Shares of Franklin Responsibly Sourced Gold ETF stock traded down $1.92 on Friday, reaching $59.41. 20,469 shares of the stock were exchanged, compared to its average volume of 48,386. Franklin Responsibly Sourced Gold ETF has a 1-year low of $45.64 and a 1-year high of $74.24. The business has a fifty day moving average price of $55.98 and a two-hundred day moving average price of $60.40.

Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MRA Advisory Group lifted its stake in shares of Franklin Responsibly Sourced Gold ETF by 5.4% in the second quarter. MRA Advisory Group now owns 4,658 shares of the company’s stock valued at $249,000 after purchasing an additional 240 shares during the period. Mason & Associates Inc grew its position in Franklin Responsibly Sourced Gold ETF by 3.1% during the second quarter. Mason & Associates Inc now owns 8,987 shares of the company’s stock worth $480,000 after buying an additional 272 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Franklin Responsibly Sourced Gold ETF by 7.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,147 shares of the company’s stock valued at $239,000 after buying an additional 280 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in Franklin Responsibly Sourced Gold ETF by 255.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock valued at $37,000 after buying an additional 463 shares in the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 4th quarter valued at approximately $27,000.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.