Franklin Senior Loan ETF (BATS:FLBL) Sees Large Decline in Short Interest

Franklin Senior Loan ETF (BATS:FLBL) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 283,568 shares, a decrease of 61.0% from the July 30th total of 727,361 shares. Based on an average daily trading volume, of 124,197 shares, the short-interest ratio is currently 2.3 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLBL. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Franklin Senior Loan ETF by 4.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,254 shares of the company’s stock worth $312,000 after purchasing an additional 624 shares in the last quarter. Regal Investment Advisors LLC grew its position in shares of Franklin Senior Loan ETF by 7.6% during the third quarter. Regal Investment Advisors LLC now owns 12,944 shares of the company’s stock worth $311,000 after buying an additional 912 shares in the last quarter. Fiduciary Alliance LLC increased its stake in shares of Franklin Senior Loan ETF by 2.2% during the first quarter. Fiduciary Alliance LLC now owns 60,519 shares of the company’s stock worth $1,390,000 after buying an additional 1,310 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Franklin Senior Loan ETF during the first quarter worth approximately $32,000. Finally, Focus Financial Network Inc. raised its holdings in Franklin Senior Loan ETF by 4.1% in the second quarter. Focus Financial Network Inc. now owns 42,219 shares of the company’s stock valued at $968,000 after acquiring an additional 1,682 shares in the last quarter.

Franklin Senior Loan ETF Trading Up 0.1%

Shares of Franklin Senior Loan ETF stock opened at $23.18 on Friday. The company’s fifty day simple moving average is $22.98 and its 200-day simple moving average is $22.98. Franklin Senior Loan ETF has a 1-year low of $22.57 and a 1-year high of $24.21.

Franklin Senior Loan ETF Company Profile

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.