Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Up 328.3% in August

Franklin Ultra Short Bond ETF (NYSEARCA:FLUDGet Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 78,612 shares, an increase of 328.3% from the July 30th total of 18,356 shares. Based on an average daily volume of 122,505 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLUD. Cetera Investment Advisers purchased a new stake in Franklin Ultra Short Bond ETF in the 4th quarter worth approximately $211,000. Janney Montgomery Scott LLC purchased a new stake in shares of Franklin Ultra Short Bond ETF during the first quarter worth $355,000. CacheTech Inc. purchased a new stake in shares of Franklin Ultra Short Bond ETF during the fourth quarter worth $739,000. Jane Street Group LLC boosted its position in 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 valued at $806,000 after purchasing an additional 16,529 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Franklin Ultra Short Bond ETF by 40.7% in the 3rd 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 Stock Performance

Franklin Ultra Short Bond ETF stock remained flat at $25.01 during midday trading on Wednesday. 30,418 shares of the company’s stock traded hands, compared to its average volume of 167,266. The business’s 50 day simple moving average is $25.00 and its 200-day simple moving average is $25.00. Franklin Ultra Short Bond ETF has a 12-month low of $24.88 and a 12-month high of $25.50.

Franklin Ultra Short Bond ETF Company Profile

(Get Free Report)

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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