Short Interest in Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Rises By 588.3%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 35,895 shares, a growth of 588.3% from the December 31st total of 5,215 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 76,904 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 76,904 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new stake in Franklin Responsibly Sourced Gold ETF during the third quarter valued at $38,331,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 3rd quarter valued at about $8,333,000. JPMorgan Chase & Co. acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 3rd quarter valued at about $5,357,000. Park Avenue Securities LLC bought a new stake in shares of Franklin Responsibly Sourced Gold ETF in the 3rd quarter valued at approximately $3,042,000. Finally, CWM LLC acquired a new position in Franklin Responsibly Sourced Gold ETF in the third quarter worth approximately $2,275,000.

Franklin Responsibly Sourced Gold ETF Stock Performance

Shares of FGDL stock traded up $2.63 during trading on Wednesday, hitting $71.78. 141,276 shares of the company were exchanged, compared to its average volume of 84,582. The business’s 50-day simple moving average is $59.28 and its 200 day simple moving average is $52.89. Franklin Responsibly Sourced Gold ETF has a twelve month low of $36.84 and a twelve month high of $72.54.

About Franklin Responsibly Sourced Gold ETF

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.