Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Sees Large Increase in Short Interest

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 48,335 shares, an increase of 175.2% from the February 26th total of 17,562 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 38,336 shares, the short-interest ratio is presently 1.3 days.

Franklin Liberty Short Duration US Government ETF Stock Performance

NYSEARCA:FTSD traded up $0.04 during trading hours on Friday, hitting $90.61. The company’s stock had a trading volume of 82,674 shares, compared to its average volume of 33,362. Franklin Liberty Short Duration US Government ETF has a 52-week low of $89.65 and a 52-week high of $93.40. The stock has a fifty day moving average of $90.94 and a 200-day moving average of $90.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Franklin Liberty Short Duration US Government ETF by 891.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 466 shares of the company’s stock worth $42,000 after acquiring an additional 419 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Franklin Liberty Short Duration US Government ETF in the second quarter valued at approximately $63,000. Ameriflex Group Inc. purchased a new position in Franklin Liberty Short Duration US Government ETF in the third quarter valued at approximately $180,000. Envestnet Asset Management Inc. purchased a new position in Franklin Liberty Short Duration US Government ETF in the second quarter valued at approximately $217,000. Finally, StoneX Group Inc. acquired a new stake in Franklin Liberty Short Duration US Government ETF during the fourth quarter worth approximately $224,000.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.