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

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,198 shares, a decrease of 18.4% from the January 15th total of 17,410 shares. Based on an average daily trading volume, of 75,534 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 75,534 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in Franklin Ultra Short Bond ETF by 105.6% during the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after acquiring an additional 16,529 shares during the period. Citadel Advisors LLC increased its holdings in Franklin Ultra Short Bond ETF by 40.7% in the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock worth $824,000 after purchasing an additional 9,491 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Franklin Ultra Short Bond ETF in the fourth quarter worth approximately $893,000. Royal Bank of Canada acquired a new position in Franklin Ultra Short Bond ETF in the first quarter valued at approximately $973,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Franklin Ultra Short Bond ETF during the 4th quarter worth approximately $999,000.

Franklin Ultra Short Bond ETF Stock Up 0.1%

Shares of FLUD stock traded up $0.02 on Monday, reaching $25.05. The company had a trading volume of 26,513 shares, compared to its average volume of 82,447. The business’s 50-day moving average is $25.02 and its 200 day moving average is $25.03. Franklin Ultra Short Bond ETF has a one year low of $24.46 and a one year high of $26.70.

Franklin Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.0754 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Franklin Ultra Short Bond ETF Company Profile

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.