Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Sees Large Growth in Short Interest

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 130,328 shares, an increase of 263.1% from the January 15th total of 35,895 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 113,293 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 113,293 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in Franklin Responsibly Sourced Gold ETF during the third quarter worth $33,000. Transamerica Financial Advisors LLC boosted its position in Franklin Responsibly Sourced Gold ETF by 255.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC purchased a new stake in Franklin Responsibly Sourced Gold ETF during the third quarter valued at about $41,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF during the third quarter worth $43,000.

Franklin Responsibly Sourced Gold ETF Stock Up 2.4%

FGDL stock traded up $1.58 during midday trading on Friday, hitting $66.88. The company’s stock had a trading volume of 14,404 shares, compared to its average volume of 79,270. The company’s fifty day moving average price is $61.83 and its 200 day moving average price is $54.63. Franklin Responsibly Sourced Gold ETF has a twelve month low of $37.79 and a twelve month high of $74.24.

Franklin Responsibly Sourced Gold ETF Company Profile

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.