Franklin High Yield Corporate ETF (BATS:FLHY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 61,733 shares, a growth of 1,761.7% from the October 15th total of 3,316 shares. Based on an average daily trading volume, of 322,245 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new position in shares of Franklin High Yield Corporate ETF in the 3rd quarter valued at $80,000. EverSource Wealth Advisors LLC grew its stake in shares of Franklin High Yield Corporate ETF by 939.3% during the first quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock worth $100,000 after purchasing an additional 3,757 shares during the period. Capital Analysts LLC grew its stake in shares of Franklin High Yield Corporate ETF by 152.0% during the second quarter. Capital Analysts LLC now owns 4,679 shares of the company’s stock worth $114,000 after purchasing an additional 2,822 shares during the period. Allworth Financial LP grew its stake in shares of Franklin High Yield Corporate ETF by 36.9% during the second quarter. Allworth Financial LP now owns 8,436 shares of the company’s stock worth $205,000 after purchasing an additional 2,274 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Franklin High Yield Corporate ETF in the third quarter valued at about $270,000.
Franklin High Yield Corporate ETF Stock Down 0.3%
Shares of FLHY stock opened at $23.45 on Wednesday. Franklin High Yield Corporate ETF has a 52-week low of $23.14 and a 52-week high of $24.63. The firm’s 50 day moving average price is $23.58 and its two-hundred day moving average price is $24.10.
Franklin High Yield Corporate ETF Company Profile
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.
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