Short Interest in Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Expands By 211.9%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,918 shares, a growth of 211.9% from the March 31st total of 615 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 38,043 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FGDL. Osbon Capital Management LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF in the fourth quarter valued at $27,000. Advisory Services Network LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF in the third quarter valued at $33,000. Raymond James Financial Inc. acquired a new stake in Franklin Responsibly Sourced Gold ETF in the second quarter valued at $35,000. Transamerica Financial Advisors LLC increased its holdings in Franklin Responsibly Sourced Gold ETF by 255.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF in the third quarter valued at $41,000.

Franklin Responsibly Sourced Gold ETF Stock Performance

NYSEARCA FGDL traded up $0.22 on Friday, reaching $62.81. The company had a trading volume of 20,884 shares, compared to its average volume of 78,065. Franklin Responsibly Sourced Gold ETF has a fifty-two week low of $42.27 and a fifty-two week high of $74.24. The business has a 50 day moving average of $64.77 and a two-hundred day moving average of $60.70.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.