Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Sees Significant Drop in Short Interest

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 37,044 shares, a decline of 64.2% from the April 30th total of 103,599 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 528,364 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Ultra Short Bond ETF Stock Performance

Shares of FLUD traded down $0.06 during trading hours on Monday, hitting $24.96. The stock had a trading volume of 166,952 shares, compared to its average volume of 137,146. The firm has a 50-day moving average price of $24.99 and a 200 day moving average price of $25.01. Franklin Ultra Short Bond ETF has a fifty-two week low of $24.46 and a fifty-two week high of $26.70.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

Large investors have recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at $211,000. Janney Montgomery Scott LLC acquired a new position in shares of Franklin Ultra Short Bond ETF in the 1st quarter valued at $355,000. CacheTech Inc. acquired a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at $739,000. Jane Street Group LLC lifted its stake in shares of Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock valued at $806,000 after purchasing an additional 16,529 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after purchasing an additional 9,491 shares during the period.

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.