Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Up 453.2% in July

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,457 shares, an increase of 453.2% from the July 15th total of 2,071 shares. Based on an average daily trading volume, of 18,257 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Franklin Responsibly Sourced Gold ETF Trading Up 1.1%

Shares of Franklin Responsibly Sourced Gold ETF stock traded up $0.63 during midday trading on Wednesday, hitting $58.81. The company had a trading volume of 5,904 shares, compared to its average volume of 50,430. The business’s 50 day simple moving average is $55.21 and its two-hundred day simple moving average is $60.98. Franklin Responsibly Sourced Gold ETF has a 1-year low of $44.20 and a 1-year high of $74.24.

Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF

Several hedge funds have recently made changes to their positions in FGDL. LPL Financial LLC grew its position in Franklin Responsibly Sourced Gold ETF by 12.6% during the fourth quarter. LPL Financial LLC now owns 259,327 shares of the company’s stock worth $14,937,000 after buying an additional 29,017 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Franklin Responsibly Sourced Gold ETF by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 222,988 shares of the company’s stock valued at $12,844,000 after acquiring an additional 7,732 shares in the last quarter. Jane Street Group LLC raised its holdings in Franklin Responsibly Sourced Gold ETF by 18.5% in the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock valued at $4,903,000 after acquiring an additional 18,319 shares in the last quarter. Eastern Bank bought a new stake in shares of Franklin Responsibly Sourced Gold ETF in the 2nd quarter worth approximately $5,894,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Franklin Responsibly Sourced Gold ETF by 3.7% in the 4th quarter. JPMorgan Chase & Co. now owns 107,504 shares of the company’s stock worth $6,192,000 after acquiring an additional 3,808 shares during the period.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.