Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 26,107 shares, a drop of 46.7% from the September 30th total of 48,978 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 255,899 shares, the days-to-cover ratio is currently 0.1 days.
Franklin U.S. Treasury Bond ETF Trading Up 0.4%
NYSEARCA:FLGV traded up $0.07 during mid-day trading on Friday, hitting $19.83. 492,562 shares of the company’s stock were exchanged, compared to its average volume of 180,851. The business has a fifty day moving average price of $19.68 and a 200 day moving average price of $20.16. Franklin U.S. Treasury Bond ETF has a one year low of $19.33 and a one year high of $20.85.
Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in Franklin U.S. Treasury Bond ETF by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock worth $509,000 after purchasing an additional 794 shares in the last quarter. Encompass More Asset Management grew its position in Franklin U.S. Treasury Bond ETF by 10.6% during the 3rd quarter. Encompass More Asset Management now owns 23,026 shares of the company’s stock valued at $447,000 after purchasing an additional 2,199 shares during the last quarter. NewEdge Advisors LLC increased its stake 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 valued at $1,333,000 after purchasing an additional 3,516 shares in the last quarter. Gilpin Wealth Management LLC increased its stake in Franklin U.S. Treasury Bond ETF by 332.2% during the 3rd quarter. Gilpin Wealth Management LLC now owns 9,379 shares of the company’s stock valued at $182,000 after purchasing an additional 7,209 shares in the last quarter. Finally, Latitude Advisors LLC bought a new stake in Franklin U.S. Treasury Bond ETF during the 3rd quarter valued at about $168,000.
About Franklin U.S. Treasury Bond ETF
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.
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