Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Short Interest Up 105.7% in June

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 38,339 shares, a growth of 105.7% from the June 15th total of 18,641 shares. Based on an average daily volume of 18,875 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin Liberty Short Duration US Government ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. StoneX Group Inc. bought a new stake in shares of Franklin Liberty Short Duration US Government ETF during the 4th quarter valued at $224,000. Kestra Advisory Services LLC raised its position in shares of Franklin Liberty Short Duration US Government ETF by 21.7% in the 4th quarter. Kestra Advisory Services LLC now owns 2,739 shares of the company’s stock valued at $249,000 after acquiring an additional 488 shares during the period. IFP Advisors Inc acquired a new position in Franklin Liberty Short Duration US Government ETF during the third quarter valued at approximately $288,000. Janney Montgomery Scott LLC bought a new position in shares of Franklin Liberty Short Duration US Government ETF during the fourth quarter worth $324,000. Finally, World Investment Advisors increased its position in shares of Franklin Liberty Short Duration US Government ETF by 7.3% in the 4th quarter. World Investment Advisors now owns 3,578 shares of the company’s stock valued at $326,000 after buying an additional 244 shares in the last quarter.

Franklin Liberty Short Duration US Government ETF Stock Performance

Shares of NYSEARCA FTSD remained flat at $90.21 during mid-day trading on Friday. 9,408 shares of the stock traded hands, compared to its average volume of 26,755. Franklin Liberty Short Duration US Government ETF has a one year low of $89.57 and a one year high of $91.51. The company has a 50 day simple moving average of $90.27 and a two-hundred day simple moving average of $90.65.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.