Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Rises By 328.3%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 78,612 shares, a growth of 328.3% from the July 30th total of 18,356 shares. Based on an average daily volume of 122,505 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

Several large investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter worth approximately $211,000. Citadel Advisors LLC increased its position in Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after acquiring an additional 9,491 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Franklin Ultra Short Bond ETF during the 1st quarter worth $355,000. Jane Street Group LLC raised its position in shares of Franklin Ultra Short Bond ETF by 105.6% during the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after acquiring an additional 16,529 shares during the last quarter. Finally, CacheTech Inc. acquired a new position in Franklin Ultra Short Bond ETF during the 4th quarter valued at about $739,000.

Franklin Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA FLUD traded up $0.01 during trading hours on Friday, reaching $25.02. The stock had a trading volume of 193,231 shares, compared to its average volume of 167,840. Franklin Ultra Short Bond ETF has a twelve month low of $24.88 and a twelve month high of $25.50. The business’s fifty day moving average is $25.00 and its two-hundred day moving average is $25.00.

About Franklin Ultra Short Bond ETF

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.