Short Interest in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Drops By 47.6%

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 18,460 shares, a drop of 47.6% from the January 29th total of 35,228 shares. Based on an average trading volume of 342,455 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 342,455 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Franklin U.S. Core Bond ETF

A number of hedge funds have recently added to or reduced their stakes in FLCB. Cetera Investment Advisers increased its position in shares of Franklin U.S. Core Bond ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 468,535 shares of the company’s stock valued at $10,083,000 after purchasing an additional 5,974 shares during the period. Jones Financial Companies Lllp grew its holdings in Franklin U.S. Core Bond ETF by 29.1% during the third quarter. Jones Financial Companies Lllp now owns 1,053,148 shares of the company’s stock worth $22,811,000 after acquiring an additional 237,122 shares during the period. Slagle Financial LLC raised its position in Franklin U.S. Core Bond ETF by 18.3% in the second quarter. Slagle Financial LLC now owns 45,013 shares of the company’s stock worth $969,000 after acquiring an additional 6,979 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Franklin U.S. Core Bond ETF by 68.7% in the 2nd quarter. Osaic Holdings Inc. now owns 135,329 shares of the company’s stock valued at $2,911,000 after acquiring an additional 55,129 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Franklin U.S. Core Bond ETF by 14.9% during the 3rd quarter. CENTRAL TRUST Co now owns 189,203 shares of the company’s stock valued at $4,109,000 after purchasing an additional 24,580 shares in the last quarter.

Franklin U.S. Core Bond ETF Stock Up 0.2%

Shares of Franklin U.S. Core Bond ETF stock traded up $0.05 during trading hours on Friday, reaching $21.96. 2,710,394 shares of the company were exchanged, compared to its average volume of 418,815. The stock’s fifty day moving average is $21.71 and its 200 day moving average is $21.70. Franklin U.S. Core Bond ETF has a 1 year low of $20.89 and a 1 year high of $21.96.

Franklin U.S. Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0808 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is an increase from Franklin U.S. Core Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd.

About Franklin U.S. Core Bond ETF

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.