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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 118,893 shares, an increase of 151.8% from the August 15th total of 47,214 shares. Based on an average daily volume of 160,083 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

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

Several large investors have recently made changes to their positions in FLGV. Bank of America Corp DE boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after acquiring an additional 107,211 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Franklin U.S. Treasury Bond ETF by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,179,614 shares of the company’s stock worth $44,726,000 after acquiring an additional 61,654 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Franklin U.S. Treasury Bond ETF by 3.0% during the fourth quarter. Osaic Holdings Inc. now owns 2,055,607 shares of the company’s stock valued at $42,181,000 after purchasing an additional 60,028 shares in the last quarter. Flaharty Asset Management LLC raised its position in shares of Franklin U.S. Treasury Bond ETF by 2.9% during the 4th quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock worth $28,253,000 after purchasing an additional 38,700 shares during the last quarter. Finally, LPL Financial LLC boosted 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 buying an additional 129,546 shares during the last quarter.

Franklin U.S. Treasury Bond ETF Trading Down 0.2%

NYSEARCA FLGV opened at $19.69 on Friday. The stock has a 50-day simple moving average of $19.99 and a two-hundred day simple moving average of $20.23. Franklin U.S. Treasury Bond ETF has a fifty-two week low of $19.69 and a fifty-two week 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.