Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Rises By 133.5%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,520 shares, an increase of 133.5% from the May 14th total of 7,502 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 67,893 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLCO. Cetera Investment Advisers boosted its holdings in Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Franklin Investment Grade Corporate ETF by 19.5% during the second quarter. JPMorgan Chase & Co. now owns 64,390 shares of the company’s stock valued at $1,390,000 after acquiring an additional 10,514 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Franklin Investment Grade Corporate ETF by 4.2% during the second quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock valued at $2,011,000 after acquiring an additional 3,745 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Franklin Investment Grade Corporate ETF by 7.6% during the second quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock valued at $20,347,000 after acquiring an additional 66,524 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Franklin Investment Grade Corporate ETF by 70.7% in the second quarter. MML Investors Services LLC now owns 62,574 shares of the company’s stock worth $1,351,000 after buying an additional 25,925 shares in the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of FLCO stock opened at $21.40 on Friday. Franklin Investment Grade Corporate ETF has a 12-month low of $21.09 and a 12-month high of $22.10. The company has a 50 day moving average of $21.40 and a 200-day moving average of $21.57.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.