Franklin Senior Loan ETF (BATS:FLBL – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 283,568 shares, a decline of 61.0% from the July 30th total of 727,361 shares. Based on an average daily volume of 124,197 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tenzing Financial LLC acquired a new stake in Franklin Senior Loan ETF during the fourth quarter worth approximately $526,000. Blue Jean Financial LLC acquired a new position in shares of Franklin Senior Loan ETF in the fourth quarter valued at approximately $1,314,000. SHP Wealth Management acquired a new position in shares of Franklin Senior Loan ETF in the fourth quarter valued at approximately $27,713,000. Keudell Morrison Wealth Management bought a new position in shares of Franklin Senior Loan ETF during the fourth quarter worth approximately $589,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Franklin Senior Loan ETF by 5,905.2% during the first quarter. PNC Financial Services Group Inc. now owns 98,545 shares of the company’s stock worth $2,267,000 after purchasing an additional 96,904 shares during the period.
Franklin Senior Loan ETF Trading Up 0.1%
BATS:FLBL opened at $23.18 on Friday. Franklin Senior Loan ETF has a one year low of $22.57 and a one year high of $24.21. The firm’s fifty day moving average price is $22.98 and its two-hundred day moving average price is $22.98.
About Franklin Senior Loan ETF
The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.
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