Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Up 755.7% in August

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 38,490 shares, a growth of 755.7% from the August 15th total of 4,498 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 22,702 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF

A number of large investors have recently bought and sold shares of FGDL. Osbon Capital Management LLC acquired a new position in shares of Franklin Responsibly Sourced Gold ETF in the fourth quarter worth $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Franklin Responsibly Sourced Gold ETF by 2,359.1% during the first quarter. Cornerstone Planning Group LLC now owns 541 shares of the company’s stock valued at $33,000 after acquiring an additional 519 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF during the third quarter valued at $33,000. Transamerica Financial Advisors LLC increased its position in Franklin Responsibly Sourced Gold ETF by 255.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares in the last quarter. Finally, Capital Analysts LLC increased its position in Franklin Responsibly Sourced Gold ETF by 49.4% during the 2nd quarter. Capital Analysts LLC now owns 677 shares of the company’s stock worth $36,000 after purchasing an additional 224 shares in the last quarter.

Franklin Responsibly Sourced Gold ETF Price Performance

Shares of FGDL opened at $57.56 on Friday. The firm has a 50 day simple moving average of $56.79 and a 200-day simple moving average of $59.84. Franklin Responsibly Sourced Gold ETF has a 1-year low of $48.30 and a 1-year high of $74.24.

About Franklin Responsibly Sourced Gold ETF

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.