Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Down 67.9% in June

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 35,841 shares, a decline of 67.9% from the June 15th total of 111,509 shares. Based on an average daily trading volume, of 110,837 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

Several hedge funds have recently bought and sold shares of FLGV. Assetmark Inc. purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at $27,000. Foundations Investment Advisors LLC purchased a new stake in Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $244,000. JPMorgan Chase & Co. boosted its position in Franklin U.S. Treasury Bond ETF by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after buying an additional 3,486 shares during the period. Goldman Sachs Group Inc. bought a new position in Franklin U.S. Treasury Bond ETF in the 4th quarter worth about $287,000. Finally, GC Wealth Management RIA LLC bought a new position in Franklin U.S. Treasury Bond ETF in the 4th quarter worth about $371,000.

Franklin U.S. Treasury Bond ETF Trading Down 0.0%

Shares of FLGV traded down $0.01 during mid-day trading on Friday, reaching $20.10. 81,168 shares of the company’s stock traded hands, compared to its average volume of 140,287. The stock’s 50-day moving average is $20.21 and its two-hundred day moving average is $20.41. Franklin U.S. Treasury Bond ETF has a 12 month low of $19.96 and a 12 month 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.