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

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 264,354 shares, a growth of 2,628.7% from the April 15th total of 9,688 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 507,010 shares, the days-to-cover ratio is presently 0.5 days.

Franklin High Yield Corporate ETF Trading Down 0.1%

BATS:FLHY traded down $0.03 during trading hours on Monday, hitting $24.30. The company’s stock had a trading volume of 106,474 shares, compared to its average volume of 347,690. The business’s 50-day moving average is $24.26 and its two-hundred day moving average is $24.38. Franklin High Yield Corporate ETF has a 52-week low of $23.77 and a 52-week high of $24.63.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its position in shares of Franklin High Yield Corporate ETF by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,882,471 shares of the company’s stock valued at $45,961,000 after acquiring an additional 64,670 shares during the period. LPL Financial LLC lifted its position in shares of Franklin High Yield Corporate ETF by 12.0% during the 4th quarter. LPL Financial LLC now owns 1,328,195 shares of the company’s stock valued at $32,428,000 after acquiring an additional 142,587 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Franklin High Yield Corporate ETF by 153.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock valued at $27,497,000 after acquiring an additional 679,295 shares during the period. Prentice Wealth Management LLC lifted its position in shares of Franklin High Yield Corporate ETF by 72.5% during the 1st quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock valued at $24,403,000 after acquiring an additional 424,952 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Franklin High Yield Corporate ETF by 5.4% during the 4th quarter. Assetmark Inc. now owns 832,848 shares of the company’s stock valued at $20,334,000 after acquiring an additional 42,330 shares during the period.

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.