Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Up 171.5% in February

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 78,622 shares, an increase of 171.5% from the January 29th total of 28,956 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 189,855 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 189,855 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Franklin Investment Grade Corporate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLCO. Compound Planning Inc. raised its stake in Franklin Investment Grade Corporate ETF by 9.1% during the fourth quarter. Compound Planning Inc. now owns 46,092 shares of the company’s stock valued at $998,000 after buying an additional 3,832 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Franklin Investment Grade Corporate ETF by 161.0% during the fourth quarter. Cetera Investment Advisers now owns 91,355 shares of the company’s stock valued at $1,978,000 after acquiring an additional 56,350 shares in the last quarter. Royal Bank of Canada raised its position in shares of Franklin Investment Grade Corporate ETF by 30.0% in the 4th quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock worth $177,000 after purchasing an additional 1,891 shares during the last quarter. MML Investors Services LLC raised its position in shares of Franklin Investment Grade Corporate ETF by 6.3% in the 4th quarter. MML Investors Services LLC now owns 60,468 shares of the company’s stock worth $1,309,000 after purchasing an additional 3,560 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Franklin Investment Grade Corporate ETF in the 4th quarter worth about $58,000.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

Shares of NYSEARCA:FLCO traded down $0.03 during midday trading on Friday, reaching $21.86. The company’s stock had a trading volume of 700,345 shares, compared to its average volume of 116,517. The firm has a 50 day moving average of $21.73 and a 200-day moving average of $21.77. Franklin Investment Grade Corporate ETF has a 12-month low of $20.59 and a 12-month high of $22.10.

Franklin Investment Grade Corporate ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0729 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from Franklin Investment Grade Corporate ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.