Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Up 50.3% in March

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 157,576 shares, an increase of 50.3% from the February 26th total of 104,841 shares. Based on an average daily volume of 267,169 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are short sold.

Franklin Investment Grade Corporate ETF Price Performance

Franklin Investment Grade Corporate ETF stock traded down $0.03 on Friday, reaching $21.21. The company’s stock had a trading volume of 32,452 shares, compared to its average volume of 135,692. The business’s fifty day moving average price is $21.64 and its 200 day moving average price is $21.74. Franklin Investment Grade Corporate ETF has a twelve month low of $20.59 and a twelve month high of $22.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 21.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock worth $58,000 after acquiring an additional 463 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Franklin Investment Grade Corporate ETF in the fourth quarter worth about $58,000. Royal Bank of Canada lifted its position in shares of Franklin Investment Grade Corporate ETF by 30.0% during the fourth 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 in the last quarter. HighTower Advisors LLC lifted its position in shares of Franklin Investment Grade Corporate ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock worth $356,000 after purchasing an additional 954 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Franklin Investment Grade Corporate ETF by 433.7% during the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after purchasing an additional 15,606 shares during the last quarter.

About Franklin Investment Grade Corporate ETF

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.