Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Shares Shorted: Short Interest Down 93.2% in September

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,676 shares, a decrease of 93.2% from the September 15th total of 39,518 shares. Based on an average daily trading volume, of 15,322 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Franklin Responsibly Sourced Gold ETF Price Performance

Shares of FGDL stock traded up $0.87 during trading hours on Friday, reaching $55.84. The company had a trading volume of 7,184 shares, compared to its average volume of 43,396. Franklin Responsibly Sourced Gold ETF has a twelve month low of $52.00 and a twelve month high of $74.24. The stock’s fifty day simple moving average is $57.74 and its 200 day simple moving average is $58.25.

Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FGDL. Eastern Bank boosted its holdings in Franklin Responsibly Sourced Gold ETF by 7.6% in the 3rd quarter. Eastern Bank now owns 118,876 shares of the company’s stock worth $6,570,000 after acquiring an additional 8,439 shares during the period. Maridea Wealth Management LLC purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF during the first quarter valued at approximately $2,983,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Franklin Responsibly Sourced Gold ETF by 3.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,130 shares of the company’s stock valued at $2,622,000 after purchasing an additional 1,491 shares during the period. PFG Investments LLC raised its stake in shares of Franklin Responsibly Sourced Gold ETF by 22.7% during the first quarter. PFG Investments LLC now owns 12,132 shares of the company’s stock valued at $754,000 after purchasing an additional 2,245 shares during the period. Finally, Mason & Associates Inc lifted its position in shares of Franklin Responsibly Sourced Gold ETF by 3.1% during the second quarter. Mason & Associates Inc now owns 8,987 shares of the company’s stock worth $480,000 after purchasing an additional 272 shares in the last quarter.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.