Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Sees Large Increase in Short Interest

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 20,708 shares, an increase of 703.9% from the September 15th total of 2,576 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 32,128 shares, the days-to-cover ratio is presently 0.6 days.

Franklin Liberty Short Duration US Government ETF Price Performance

Shares of Franklin Liberty Short Duration US Government ETF stock opened at $88.80 on Friday. The business has a fifty day simple moving average of $89.58 and a two-hundred day simple moving average of $90.10. Franklin Liberty Short Duration US Government ETF has a 12 month low of $88.49 and a 12 month high of $91.51.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Continuum Advisory LLC bought a new position in shares of Franklin Liberty Short Duration US Government ETF during the second quarter valued at approximately $29,000. World Investment Advisors boosted 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 worth $326,000 after purchasing an additional 244 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Franklin Liberty Short Duration US Government ETF by 75.5% in the 1st quarter. Kestra Advisory Services LLC now owns 4,806 shares of the company’s stock worth $436,000 after purchasing an additional 2,067 shares in the last quarter. Asset Allocation Strategies LLC purchased a new stake in shares of Franklin Liberty Short Duration US Government ETF in the 1st quarter worth approximately $439,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Franklin Liberty Short Duration US Government ETF by 74.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,208 shares of the company’s stock worth $564,000 after buying an additional 2,651 shares during the last quarter.

About Franklin Liberty Short Duration US Government ETF

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.