Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Update

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 43,917 shares, an increase of 135.1% from the March 31st total of 18,677 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 124,994 shares, the short-interest ratio is currently 0.4 days.

Franklin Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA FLUD traded up $0.01 on Friday, hitting $25.02. The company’s stock had a trading volume of 100,907 shares, compared to its average volume of 89,914. The company’s 50-day simple moving average is $25.00 and its 200 day simple moving average is $25.02. Franklin Ultra Short Bond ETF has a 52-week low of $24.46 and a 52-week high of $26.70.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

A number of institutional investors have recently added to or reduced their stakes in FLUD. Royal Bank of Canada purchased a new position in Franklin Ultra Short Bond ETF during the first quarter valued at $973,000. Jane Street Group LLC increased its holdings in Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after acquiring an additional 16,529 shares in the last quarter. Citadel Advisors LLC raised its position in shares of Franklin Ultra Short Bond ETF by 40.7% during the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after purchasing an additional 9,491 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Franklin Ultra Short Bond ETF during the fourth quarter valued at about $893,000. Finally, LPL Financial LLC boosted its stake in Franklin Ultra Short Bond ETF by 57.3% in the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock worth $4,397,000 after purchasing an additional 64,095 shares during the period.

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.