Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Sees Large Growth in Short Interest

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 43,917 shares, a growth of 135.1% from the March 31st total of 18,677 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 124,994 shares, the days-to-cover ratio is currently 0.4 days.

Franklin Ultra Short Bond ETF Price Performance

NYSEARCA:FLUD opened at $25.01 on Tuesday. Franklin Ultra Short Bond ETF has a twelve month low of $24.46 and a twelve month high of $26.70. The company’s 50 day moving average is $25.00 and its two-hundred day moving average is $25.02.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

A number of large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of Franklin Ultra Short Bond ETF in the 1st quarter valued at $355,000. Kestra Private Wealth Services LLC acquired a new stake in Franklin Ultra Short Bond ETF during the 1st quarter worth about $5,378,000. CacheTech Inc. acquired a new stake in Franklin Ultra Short Bond ETF during the 4th quarter worth about $739,000. Cetera Investment Advisers purchased a new stake in Franklin Ultra Short Bond ETF during the 4th quarter valued at about $211,000. Finally, Royal Bank of Canada grew its stake in Franklin Ultra Short Bond ETF by 713.9% during the 4th quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock valued at $4,291,000 after purchasing an additional 150,627 shares during the last quarter.

About Franklin Ultra Short Bond ETF

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.