Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Up 125.8% in June

Franklin High Yield Corporate ETF (BATS:FLHY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 65,158 shares, an increase of 125.8% from the June 15th total of 28,860 shares. Based on an average daily volume of 172,124 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLHY. Geneos Wealth Management Inc. increased its holdings in Franklin High Yield Corporate ETF by 59.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after purchasing an additional 650 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Franklin High Yield Corporate ETF during the fourth quarter worth about $77,000. EverSource Wealth Advisors LLC boosted its holdings in Franklin High Yield Corporate ETF by 939.3% during the first quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock worth $100,000 after buying an additional 3,757 shares during the last quarter. US Bancorp DE boosted its holdings in Franklin High Yield Corporate ETF by 52.7% during the third quarter. US Bancorp DE now owns 4,593 shares of the company’s stock worth $113,000 after buying an additional 1,585 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Franklin High Yield Corporate ETF by 24.4% during the 4th quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock worth $182,000 after buying an additional 1,460 shares during the period.

Franklin High Yield Corporate ETF Stock Up 0.1%

Shares of BATS FLHY opened at $24.21 on Thursday. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63. The firm’s 50-day moving average is $24.23 and its 200-day moving average is $24.33.

Franklin High Yield Corporate ETF Company Profile

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.