Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 42,492 shares, a drop of 42.6% from the June 15th total of 74,089 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 405,663 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter valued at approximately $52,000. Kestra Advisory Services LLC acquired a new stake in shares of Franklin U.S. Core Bond ETF during the 4th quarter worth about $78,000. Orion Porfolio Solutions LLC acquired a new position in Franklin U.S. Core Bond ETF in the fourth quarter valued at about $212,000. IFP Advisors Inc boosted its holdings in shares of Franklin U.S. Core Bond ETF by 26.8% in the 3rd quarter. IFP Advisors Inc now owns 10,119 shares of the company’s stock worth $220,000 after acquiring an additional 2,136 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Franklin U.S. Core Bond ETF by 185.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,203 shares of the company’s stock worth $242,000 after acquiring an additional 7,284 shares in the last quarter.
Franklin U.S. Core Bond ETF Trading Up 0.1%
Franklin U.S. Core Bond ETF stock traded up $0.02 on Friday, hitting $21.23. The company’s stock had a trading volume of 372,041 shares, compared to its average volume of 460,397. The company has a fifty day moving average price of $21.31 and a 200-day moving average price of $21.51. Franklin U.S. Core Bond ETF has a one year low of $21.09 and a one year high of $21.96.
About Franklin U.S. Core Bond ETF
The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.
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