Franklin High Yield Corporate ETF (BATS:FLHY) Sees Large Growth in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 66,610 shares, a growth of 236.5% from the September 15th total of 19,795 shares. Based on an average daily volume of 328,974 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Several institutional investors have recently modified their holdings of FLHY. Provenance Wealth Advisors LLC acquired a new stake in Franklin High Yield Corporate ETF in the first quarter valued at $19,873,000. Prentice Wealth Management LLC increased its position in shares of Franklin High Yield Corporate ETF by 72.5% in the first quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock valued at $24,403,000 after buying an additional 424,952 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Franklin High Yield Corporate ETF by 79.2% in the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after buying an additional 339,472 shares in the last quarter. Ocean Park Asset Management LLC acquired a new position in shares of Franklin High Yield Corporate ETF during the 2nd quarter worth $7,238,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Franklin High Yield Corporate ETF by 155.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 362,056 shares of the company’s stock worth $8,794,000 after buying an additional 220,256 shares during the last quarter.

Franklin High Yield Corporate ETF Price Performance

FLHY stock opened at $23.43 on Tuesday. The company’s 50-day moving average price is $23.89 and its 200 day moving average price is $24.11. Franklin High Yield Corporate ETF has a 52 week low of $23.14 and a 52 week high of $24.63.

Franklin High Yield Corporate ETF Company Profile

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.