Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Short Interest Up 105.7% in June

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 38,339 shares, a growth of 105.7% from the June 15th total of 18,641 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,875 shares, the days-to-cover ratio is presently 2.0 days.

Franklin Liberty Short Duration US Government ETF Price Performance

Shares of FTSD stock traded up $0.08 during trading hours on Wednesday, reaching $90.22. The company’s stock had a trading volume of 12,931 shares, compared to its average volume of 26,917. The firm’s fifty day simple moving average is $90.27 and its 200 day simple moving average is $90.65. Franklin Liberty Short Duration US Government ETF has a one year low of $89.57 and a one year high of $91.51.

Hedge Funds Weigh In On Franklin Liberty Short Duration US Government ETF

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in Franklin Liberty Short Duration US Government ETF by 17.7% during the 4th quarter. LPL Financial LLC now owns 466,237 shares of the company’s stock valued at $42,432,000 after acquiring an additional 70,066 shares during the period. Franklin Resources Inc. increased its position in shares of Franklin Liberty Short Duration US Government ETF by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 360,014 shares of the company’s stock valued at $32,765,000 after buying an additional 49,267 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Franklin Liberty Short Duration US Government ETF by 5.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 210,011 shares of the company’s stock valued at $19,008,000 after acquiring an additional 10,705 shares in the last quarter. UBS Group AG grew its position in shares of Franklin Liberty Short Duration US Government ETF by 63.0% in the fourth quarter. UBS Group AG now owns 104,512 shares of the company’s stock valued at $9,512,000 after purchasing an additional 40,396 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Franklin Liberty Short Duration US Government ETF by 183.7% in the third quarter. Integrated Wealth Concepts LLC now owns 102,504 shares of the company’s stock valued at $9,334,000 after acquiring an additional 66,373 shares during the last quarter.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.