Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Stock Short Interest Climbs 414.1%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 27,956 shares, a growth of 414.1% from the October 15th total of 5,438 shares. Based on an average daily volume of 19,382 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are sold short.

Franklin Responsibly Sourced Gold ETF Price Performance

Shares of NYSEARCA:FGDL traded down $0.03 during mid-day trading on Friday, reaching $51.55. The stock had a trading volume of 21,726 shares, compared to its average volume of 41,319. Franklin Responsibly Sourced Gold ETF has a 1 year low of $51.24 and a 1 year high of $74.24. The business’s 50 day moving average price is $55.46 and its 200 day moving average price is $59.44.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Several hedge funds have recently modified their holdings of the company. Eastern Bank increased its holdings in shares of Franklin Responsibly Sourced Gold ETF by 7.6% in the 3rd quarter. Eastern Bank now owns 118,876 shares of the company’s stock worth $6,570,000 after buying an additional 8,439 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Franklin Responsibly Sourced Gold ETF by 3.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,130 shares of the company’s stock valued at $2,622,000 after buying an additional 1,491 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Franklin Responsibly Sourced Gold ETF by 13.4% during the 3rd quarter. Park Avenue Securities LLC now owns 21,776 shares of the company’s stock valued at $1,204,000 after buying an additional 2,574 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 53.3% in the 3rd quarter. Essex Financial Services Inc. now owns 12,429 shares of the company’s stock valued at $687,000 after acquiring an additional 4,323 shares during the last quarter. Finally, Trademark Financial Management LLC lifted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 20.5% in the 3rd quarter. Trademark Financial Management LLC now owns 11,944 shares of the company’s stock valued at $660,000 after acquiring an additional 2,029 shares during the last quarter.

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.