Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Down 41.8% in December

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 6,381 shares, a decline of 41.8% from the November 30th total of 10,959 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 45,442 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 45,442 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in Franklin Ultra Short Bond ETF in the 1st quarter worth about $973,000. Franklin Resources Inc. raised its position in shares of Franklin Ultra Short Bond ETF by 49.9% in the second quarter. Franklin Resources Inc. now owns 5,671,900 shares of the company’s stock valued at $142,024,000 after buying an additional 1,889,100 shares in the last quarter. Jane Street Group LLC raised its position in shares of Franklin Ultra Short Bond ETF by 105.6% in the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock valued at $806,000 after buying an additional 16,529 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Franklin Ultra Short Bond ETF by 40.7% in the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after buying an additional 9,491 shares during the period.

Franklin Ultra Short Bond ETF Stock Performance

NYSEARCA FLUD traded up $0.03 on Friday, reaching $24.99. The stock had a trading volume of 22,141 shares, compared to its average volume of 21,858. The firm has a fifty day moving average of $25.03 and a two-hundred day moving average of $25.02. Franklin Ultra Short Bond ETF has a 1-year low of $24.46 and a 1-year high of $26.70.

About Franklin Ultra Short Bond ETF

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.