Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Down 72.4% in May

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 22,646 shares, a decline of 72.4% from the May 14th total of 82,103 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 274,479 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter worth $27,000. Foundations Investment Advisors LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter worth $244,000. JPMorgan Chase & Co. boosted its position in shares of Franklin U.S. Treasury Bond ETF by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock worth $258,000 after buying an additional 3,486 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter worth $287,000. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter worth $371,000.

Franklin U.S. Treasury Bond ETF Stock Performance

Shares of NYSEARCA FLGV traded down $0.03 during mid-day trading on Friday, reaching $20.22. The company had a trading volume of 140,350 shares, compared to its average volume of 148,889. The company has a 50-day moving average price of $20.29 and a two-hundred day moving average price of $20.47. Franklin U.S. Treasury Bond ETF has a 1-year low of $19.96 and a 1-year high of $21.30.

About Franklin U.S. Treasury Bond ETF

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.