Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Update

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 7,502 shares, a decline of 51.5% from the April 30th total of 15,463 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,053 shares, the short-interest ratio is currently 0.2 days.

Franklin Investment Grade Corporate ETF Stock Down 0.2%

FLCO stock traded down $0.04 during trading on Wednesday, reaching $21.34. 24,378 shares of the company were exchanged, compared to its average volume of 103,632. Franklin Investment Grade Corporate ETF has a 52-week low of $21.09 and a 52-week high of $22.10. The stock’s 50 day moving average price is $21.40 and its 200 day moving average price is $21.60.

Institutional Trading of Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 21.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after purchasing an additional 463 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Franklin Investment Grade Corporate ETF in the fourth quarter valued at about $58,000. Royal Bank of Canada lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 30.0% in the fourth quarter. Royal Bank of Canada now owns 8,191 shares of the company’s stock valued at $177,000 after purchasing an additional 1,891 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Franklin Investment Grade Corporate ETF by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 16,431 shares of the company’s stock valued at $356,000 after buying an additional 954 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Franklin Investment Grade Corporate ETF by 433.7% in the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after buying an additional 15,606 shares during the last quarter.

About Franklin Investment Grade Corporate ETF

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.