Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Up 90.1% in August

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 37,574 shares, a growth of 90.1% from the August 15th total of 19,764 shares. Based on an average daily volume of 52,038 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Franklin Investment Grade Corporate ETF Stock Performance

Franklin Investment Grade Corporate ETF stock traded up $0.12 during mid-day trading on Thursday, hitting $20.78. The company’s stock had a trading volume of 26,943 shares, compared to its average volume of 85,414. The business has a 50 day moving average price of $20.97 and a 200-day moving average price of $21.26. Franklin Investment Grade Corporate ETF has a 12 month low of $20.60 and a 12 month high of $22.10.

Institutional Trading of Franklin Investment Grade Corporate ETF

A number of institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its position in shares of Franklin Investment Grade Corporate ETF by 3.5% in the fourth quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock valued at $116,258,000 after acquiring an additional 181,499 shares during the period. Bank of America Corp DE lifted its holdings in Franklin Investment Grade Corporate ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock worth $21,200,000 after buying an additional 32,807 shares during the period. Sanctuary Advisors LLC grew its position in shares of Franklin Investment Grade Corporate ETF by 10.3% in the 1st quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock worth $8,979,000 after buying an additional 39,008 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Franklin Investment Grade Corporate ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock valued at $5,370,000 after buying an additional 22,226 shares during the period. Finally, Citadel Advisors LLC raised its holdings in shares of Franklin Investment Grade Corporate ETF by 49.5% during the second quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after acquiring an additional 58,586 shares in the last quarter.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.