Franklin High Yield Corporate ETF (BATS:FLHY) Sees Significant Decrease in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,316 shares, a decline of 95.0% from the September 30th total of 66,610 shares. Based on an average trading volume of 337,746 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Franklin High Yield Corporate ETF Stock Performance

Franklin High Yield Corporate ETF stock opened at $23.44 on Tuesday. The company has a 50-day simple moving average of $23.74 and a 200-day simple moving average of $24.16. Franklin High Yield Corporate ETF has a one year low of $23.14 and a one year high of $24.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLHY. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Franklin High Yield Corporate ETF in the 2nd quarter valued at $877,000. Van Hulzen Asset Management LLC bought a new position in Franklin High Yield Corporate ETF during the second quarter worth about $597,000. Fifth Third Bancorp bought a new stake in shares of Franklin High Yield Corporate ETF in the 1st quarter worth about $502,000. Ocean Park Asset Management LLC bought a new position in Franklin High Yield Corporate ETF in the 2nd quarter valued at $7,238,000. Finally, Cetera Investment Advisers grew its stake in shares of Franklin High Yield Corporate ETF by 79.2% during the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after purchasing an additional 339,472 shares during the last quarter.

Franklin High Yield Corporate ETF Company Profile

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.