Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Significant Increase in Short Interest

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 111,509 shares, an increase of 392.4% from the May 31st total of 22,646 shares. Based on an average daily trading volume, of 53,405 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sequent Planning LLC bought a new stake in Franklin U.S. Treasury Bond ETF in the 3rd quarter valued at about $5,432,000. Bank of America Corp DE raised its position in shares of Franklin U.S. Treasury Bond ETF by 5.0% in the third quarter. Bank of America Corp DE now owns 5,461,509 shares of the company’s stock valued at $112,726,000 after buying an additional 262,232 shares in the last quarter. MGO One Seven LLC raised its position in shares of Franklin U.S. Treasury Bond ETF by 1,144.5% in the fourth quarter. MGO One Seven LLC now owns 191,264 shares of the company’s stock valued at $3,925,000 after buying an additional 175,895 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 49.4% in the fourth quarter. Cetera Investment Advisers now owns 516,521 shares of the company’s stock valued at $10,599,000 after buying an additional 170,887 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Franklin U.S. Treasury Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 643,340 shares of the company’s stock valued at $13,201,000 after buying an additional 129,546 shares during the period.

Franklin U.S. Treasury Bond ETF Stock Up 0.1%

Shares of FLGV traded up $0.02 during midday trading on Friday, reaching $20.35. 31,934 shares of the stock were exchanged, compared to its average volume of 142,452. Franklin U.S. Treasury Bond ETF has a twelve month low of $19.96 and a twelve month high of $21.30. The stock’s 50 day simple moving average is $20.26 and its 200 day simple moving average is $20.44.

Franklin U.S. Treasury Bond ETF Company Profile

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.