Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Significant Increase in Short Interest

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 25,884 shares, a growth of 146.6% from the September 30th total of 10,495 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 90,407 shares, the short-interest ratio is presently 0.3 days.

Franklin Investment Grade Corporate ETF Trading Down 0.1%

Shares of Franklin Investment Grade Corporate ETF stock traded down $0.03 on Friday, hitting $20.64. 16,573 shares of the company’s stock were exchanged, compared to its average volume of 92,180. The company has a 50-day simple moving average of $20.63 and a 200-day simple moving average of $21.22. Franklin Investment Grade Corporate ETF has a 1 year low of $20.13 and a 1 year high of $21.95.

Institutional Trading of Franklin Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of the company. MGO One Seven LLC lifted its stake in Franklin Investment Grade Corporate ETF by 15.9% in the third quarter. MGO One Seven LLC now owns 43,188 shares of the company’s stock worth $877,000 after purchasing an additional 5,932 shares during the last quarter. RFG Advisory LLC acquired a new stake in Franklin Investment Grade Corporate ETF in the second quarter worth about $1,097,000. Compound Planning Inc. lifted its position in Franklin Investment Grade Corporate ETF by 22.2% during the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after acquiring an additional 10,214 shares during the period. Cetera Investment Advisers lifted its stake in Franklin Investment Grade Corporate ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock valued at $2,453,000 after acquiring an additional 23,158 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in Franklin Investment Grade Corporate ETF by 49.5% in the second quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after acquiring an additional 58,586 shares during the period.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.