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

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,454 shares, a decline of 67.2% from the April 30th total of 7,485 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 17,908 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Franklin Liberty Short Duration US Government ETF

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Franklin Liberty Short Duration US Government ETF by 1.4% during the 1st quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock valued at $1,483,000 after acquiring an additional 225 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Franklin Liberty Short Duration US Government ETF during the 3rd quarter valued at about $6,984,000. Jones Financial Companies Lllp increased its stake in Franklin Liberty Short Duration US Government ETF by 16.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,870 shares of the company’s stock valued at $1,445,000 after buying an additional 2,236 shares during the period. Smartleaf Asset Management LLC acquired a new position in Franklin Liberty Short Duration US Government ETF during the 3rd quarter valued at about $1,004,000. Finally, Ameriflex Group Inc. acquired a new position in Franklin Liberty Short Duration US Government ETF during the 3rd quarter valued at about $180,000.

Franklin Liberty Short Duration US Government ETF Stock Performance

FTSD traded down $0.04 during midday trading on Friday, reaching $90.51. 19,950 shares of the company’s stock were exchanged, compared to its average volume of 26,600. The business’s 50-day moving average price is $90.53 and its 200 day moving average price is $90.82. Franklin Liberty Short Duration US Government ETF has a 1-year low of $89.65 and a 1-year high of $91.51.

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.