Franklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 52,162 shares, a decrease of 34.9% from the August 15th total of 80,158 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 584,139 shares, the days-to-cover ratio is currently 0.1 days.
Franklin U.S. Core Bond ETF Stock Performance
Shares of FLCB opened at $20.73 on Friday. Franklin U.S. Core Bond ETF has a 1 year low of $20.69 and a 1 year high of $21.96. The stock’s 50-day moving average price is $21.03 and its two-hundred day moving average price is $21.29.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FLCB. Capital Analysts LLC raised its holdings in Franklin U.S. Core Bond ETF by 53,195.9% in the second quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock worth $4,699,000 after purchasing an additional 219,167 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Franklin U.S. Core Bond ETF in the 2nd quarter valued at $48,000. RFG Advisory LLC acquired a new stake in Franklin U.S. Core Bond ETF during the 2nd quarter worth $3,965,000. NewEdge Advisors LLC raised its stake in Franklin U.S. Core Bond ETF by 11.2% during the 2nd quarter. NewEdge Advisors LLC now owns 80,454 shares of the company’s stock worth $1,722,000 after buying an additional 8,119 shares during the period. Finally, Citadel Advisors LLC bought a new position in Franklin U.S. Core Bond ETF during the second quarter worth about $9,607,000.
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.
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