Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Up 171.5% in February

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 78,622 shares, a growth of 171.5% from the January 29th total of 28,956 shares. Based on an average daily volume of 189,855 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 189,855 shares, the short-interest ratio is currently 0.4 days.

Franklin Investment Grade Corporate ETF Stock Up 0.1%

NYSEARCA:FLCO traded up $0.03 during trading hours on Thursday, reaching $21.88. 26,568 shares of the company traded hands, compared to its average volume of 100,919. The business’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $21.76. Franklin Investment Grade Corporate ETF has a 1 year low of $20.59 and a 1 year high of $22.10.

Franklin Investment Grade Corporate ETF Increases Dividend

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

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Franklin Investment Grade Corporate ETF by 21.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after purchasing an additional 463 shares in the last quarter. Osaic Holdings Inc. raised its position in Franklin Investment Grade Corporate ETF by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after buying an additional 553 shares during the last quarter. HighTower Advisors LLC boosted its holdings 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 last quarter. Royal Bank of Canada raised its holdings in shares of Franklin Investment Grade Corporate ETF by 30.0% during the fourth quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock valued at $177,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 shares during the period.

About Franklin Investment Grade Corporate ETF

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.