Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Update

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 47,718 shares, a drop of 61.8% from the May 14th total of 124,964 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 256,991 shares, the days-to-cover ratio is presently 0.2 days.

Franklin High Yield Corporate ETF Stock Up 0.1%

BATS:FLHY traded up $0.02 on Friday, reaching $24.28. 51,237 shares of the stock traded hands, compared to its average volume of 320,314. Franklin High Yield Corporate ETF has a 12 month low of $23.82 and a 12 month high of $24.63. The company’s fifty day simple moving average is $24.28 and its 200 day simple moving average is $24.36.

Institutional Trading of Franklin High Yield Corporate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLHY. Provenance Wealth Advisors LLC bought a new stake in Franklin High Yield Corporate ETF during the 1st quarter valued at about $19,873,000. Ameriprise Financial Inc. increased its stake in Franklin High Yield Corporate ETF by 153.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock valued at $27,497,000 after purchasing an additional 679,295 shares in the last quarter. Prentice Wealth Management LLC increased its stake in Franklin High Yield Corporate ETF by 72.5% during the 1st quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock valued at $24,403,000 after purchasing an additional 424,952 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Franklin High Yield Corporate ETF by 79.2% during the 1st quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after acquiring an additional 339,472 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Franklin High Yield Corporate ETF during the 4th quarter valued at about $4,758,000.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.