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

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 18,641 shares, an increase of 176.8% from the May 31st total of 6,734 shares. Based on an average daily volume of 19,282 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTSD. Royal Bank of Canada raised its position in Franklin Liberty Short Duration US Government ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock valued at $1,483,000 after purchasing an additional 225 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Franklin Liberty Short Duration US Government ETF in the 3rd quarter worth about $180,000. Raymond James Financial Inc. boosted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 8.3% in the 3rd quarter. Raymond James Financial Inc. now owns 63,527 shares of the company’s stock worth $5,785,000 after purchasing an additional 4,863 shares in the last quarter. Bank of America Corp DE increased its position in shares of Franklin Liberty Short Duration US Government ETF by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 92,550 shares of the company’s stock valued at $8,428,000 after purchasing an additional 1,708 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Franklin Liberty Short Duration US Government ETF by 411.1% during the 3rd quarter. Citadel Advisors LLC now owns 47,750 shares of the company’s stock valued at $4,348,000 after purchasing an additional 38,407 shares during the last quarter.

Franklin Liberty Short Duration US Government ETF Price Performance

FTSD stock traded up $0.17 during midday trading on Friday, reaching $90.50. The company had a trading volume of 55,116 shares, compared to its average volume of 25,365. The firm has a 50-day moving average price of $90.40 and a 200-day moving average price of $90.72. Franklin Liberty Short Duration US Government ETF has a 1 year low of $89.65 and a 1 year high of $91.51.

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.