Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Update

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 28,956 shares, a decrease of 23.7% from the January 15th total of 37,955 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 68,512 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 68,512 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

A number of large investors have recently made changes to their positions in FLCO. PNC Financial Services Group Inc. grew its holdings in 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 worth $58,000 after acquiring an additional 463 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Franklin Investment Grade Corporate ETF by 2.6% in 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. HighTower Advisors LLC lifted its position in shares of Franklin Investment Grade Corporate ETF by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock valued at $356,000 after acquiring an additional 954 shares during the period. Cetera Investment Advisers increased its position 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 valued at $553,000 after buying an additional 2,203 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Franklin Investment Grade Corporate ETF during the fourth quarter worth approximately $58,000.

Franklin Investment Grade Corporate ETF Stock Performance

FLCO traded up $0.03 on Monday, hitting $21.84. 25,778 shares of the company were exchanged, compared to its average volume of 112,646. Franklin Investment Grade Corporate ETF has a 12 month low of $20.59 and a 12 month high of $22.10. The stock’s fifty day moving average is $21.70 and its 200-day moving average is $21.75.

Franklin Investment Grade Corporate ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0729 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Franklin Investment Grade Corporate ETF’s previous monthly dividend of $0.07.

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.