Franklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 18,356 shares, a growth of 591.9% from the July 15th total of 2,653 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 43,749 shares, the short-interest ratio is presently 0.4 days.
Franklin Ultra Short Bond ETF Price Performance
Shares of NYSEARCA:FLUD traded up $0.02 during midday trading on Wednesday, reaching $24.99. The company had a trading volume of 18,038 shares, compared to its average volume of 168,725. The business’s 50 day moving average price is $24.99 and its 200 day moving average price is $25.00. Franklin Ultra Short Bond ETF has a 1-year low of $24.88 and a 1-year high of $25.50.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new stake in shares of Franklin Ultra Short Bond ETF during the 4th quarter worth approximately $211,000. Janney Montgomery Scott LLC acquired a new position in shares of Franklin Ultra Short Bond ETF during the 1st quarter worth approximately $355,000. CacheTech Inc. bought a new position in shares of Franklin Ultra Short Bond ETF during the fourth quarter worth approximately $739,000. Jane Street Group LLC increased its holdings in shares of Franklin Ultra Short Bond ETF by 105.6% during the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after purchasing an additional 16,529 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of Franklin Ultra Short Bond ETF by 40.7% in the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after buying an additional 9,491 shares in the last quarter.
Franklin Ultra Short Bond ETF Company Profile
The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.
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