Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Down 18.4% in January

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 14,198 shares, a decrease of 18.4% from the January 15th total of 17,410 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 75,534 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 75,534 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLUD. Franklin Resources Inc. boosted its holdings in Franklin Ultra Short Bond ETF by 49.9% in the 2nd quarter. Franklin Resources Inc. now owns 5,671,900 shares of the company’s stock valued at $142,024,000 after purchasing an additional 1,889,100 shares during the period. LPL Financial LLC boosted its stake in shares of Franklin Ultra Short Bond ETF by 57.3% in the fourth quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock valued at $4,397,000 after buying an additional 64,095 shares during the period. Royal Bank of Canada grew its position in Franklin Ultra Short Bond ETF by 713.9% during the fourth quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock worth $4,291,000 after buying an additional 150,627 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Franklin Ultra Short Bond ETF during the 4th quarter worth $999,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Franklin Ultra Short Bond ETF in the 4th quarter valued at $893,000.

Franklin Ultra Short Bond ETF Price Performance

Franklin Ultra Short Bond ETF stock opened at $25.04 on Wednesday. The company’s 50-day moving average price is $25.02 and its two-hundred day moving average price is $25.03. Franklin Ultra Short Bond ETF has a twelve month low of $24.46 and a twelve month high of $26.70.

Franklin Ultra Short Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0754 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

Franklin Ultra Short Bond ETF Company Profile

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.