Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Stock Short Interest Declines 37.7%

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 48,978 shares, a drop of 37.7% from the September 15th total of 78,670 shares. Based on an average trading volume of 830,928 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Franklin U.S. Treasury Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLGV. Concurrent Investment Advisors LLC raised its holdings in Franklin U.S. Treasury Bond ETF by 6.2% in the second quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock worth $10,151,000 after buying an additional 29,278 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $921,000. Sequent Planning LLC grew its holdings in shares of Franklin U.S. Treasury Bond ETF by 10.3% during the first quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock valued at $6,576,000 after buying an additional 29,990 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the 3rd quarter worth $9,079,000. Finally, Citadel Advisors LLC increased its holdings in Franklin U.S. Treasury Bond ETF by 59.5% in the 2nd quarter. Citadel Advisors LLC now owns 193,448 shares of the company’s stock worth $3,923,000 after buying an additional 72,136 shares in the last quarter.

Franklin U.S. Treasury Bond ETF Price Performance

Shares of FLGV traded up $0.02 during trading hours on Friday, hitting $19.63. The company had a trading volume of 236,323 shares, compared to its average volume of 178,234. The firm has a fifty day moving average price of $19.73 and a 200-day moving average price of $20.05. Franklin U.S. Treasury Bond ETF has a 52-week low of $19.33 and a 52-week high of $20.89.

About Franklin U.S. Treasury Bond ETF

(Get Free Report)

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.

Further Reading

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