Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Up 151.8% in August

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGVGet Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 118,893 shares, an increase of 151.8% from the August 15th total of 47,214 shares. Based on an average daily volume of 160,083 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Franklin U.S. Treasury Bond ETF Price Performance

NYSEARCA FLGV remained flat at $19.69 during midday trading on Monday. 76,200 shares of the company’s stock traded hands, compared to its average volume of 131,233. The stock has a fifty day moving average of $19.99 and a two-hundred day moving average of $20.22. Franklin U.S. Treasury Bond ETF has a 52 week low of $19.66 and a 52 week high of $20.89.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLGV. Geneos Wealth Management Inc. increased its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% in the first quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after buying an additional 794 shares in the last quarter. NewEdge Advisors LLC lifted its position in Franklin U.S. Treasury Bond ETF by 5.7% during the 2nd quarter. NewEdge Advisors LLC now owns 65,715 shares of the company’s stock worth $1,333,000 after buying an additional 3,516 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in Franklin U.S. Treasury Bond ETF during the 4th quarter worth about $244,000. First Heartland Consultants Inc. lifted its position in Franklin U.S. Treasury Bond ETF by 3.6% during the 2nd quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock worth $9,092,000 after buying an additional 15,683 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Franklin U.S. Treasury Bond ETF during the 1st quarter worth about $555,000.

Franklin U.S. Treasury Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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