Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Declines By 67.1%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 37,955 shares, a decline of 67.1% from the December 31st total of 115,350 shares. Based on an average daily trading volume, of 79,732 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 79,732 shares, the days-to-cover ratio is currently 0.5 days.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

Franklin Investment Grade Corporate ETF stock traded down $0.02 during midday trading on Wednesday, reaching $21.71. 38,189 shares of the company traded hands, compared to its average volume of 63,477. Franklin Investment Grade Corporate ETF has a 12 month low of $20.59 and a 12 month high of $22.10. The business has a 50 day moving average of $21.71 and a two-hundred day moving average of $21.72.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Franklin Investment Grade Corporate ETF by 21.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after acquiring an additional 463 shares during the period. TD Waterhouse Canada Inc. purchased a new position in shares of Franklin Investment Grade Corporate ETF during the 2nd quarter valued at $109,000. Brooklyn Investment Group boosted its stake in shares of Franklin Investment Grade Corporate ETF by 433.7% in the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock worth $420,000 after acquiring an additional 15,606 shares during the period. Osaic Holdings Inc. grew its position in shares of Franklin Investment Grade Corporate ETF by 2.6% during the second quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after purchasing an additional 553 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Franklin Investment Grade Corporate ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after purchasing an additional 2,203 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.