Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Down 72.7% in June

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,631 shares, a decrease of 72.7% from the May 31st total of 5,981 shares. Based on an average daily volume of 29,653 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF in the third quarter worth $5,357,000. Maridea Wealth Management LLC bought a new position in shares of Franklin Responsibly Sourced Gold ETF during the first quarter valued at $2,983,000. LPL Financial LLC raised its position in shares of Franklin Responsibly Sourced Gold ETF by 12.6% in the 4th quarter. LPL Financial LLC now owns 259,327 shares of the company’s stock worth $14,937,000 after purchasing an additional 29,017 shares during the last quarter. Jane Street Group LLC raised its position in shares of Franklin Responsibly Sourced Gold ETF by 18.5% in the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock worth $4,903,000 after purchasing an additional 18,319 shares during the last quarter. Finally, Avise Financial Cooperative Inc. bought a new position in Franklin Responsibly Sourced Gold ETF in the 4th quarter worth about $896,000.

Franklin Responsibly Sourced Gold ETF Stock Performance

FGDL stock opened at $54.10 on Friday. The firm’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $62.00. Franklin Responsibly Sourced Gold ETF has a 12-month low of $43.41 and a 12-month high of $74.24.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.