Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Short Interest Up 174.4% in May

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 6,734 shares, an increase of 174.4% from the May 14th total of 2,454 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 15,516 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Franklin Liberty Short Duration US Government ETF

A number of large investors have recently modified their holdings of the business. Gateway Wealth Partners LLC lifted its stake in Franklin Liberty Short Duration US Government ETF by 239.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 14,476 shares of the company’s stock valued at $1,314,000 after purchasing an additional 10,206 shares during the last quarter. Cetera Investment Advisers lifted its stake in Franklin Liberty Short Duration US Government ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 28,741 shares of the company’s stock valued at $2,609,000 after purchasing an additional 3,385 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Franklin Liberty Short Duration US Government ETF by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 18,947 shares of the company’s stock valued at $1,720,000 after purchasing an additional 349 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Franklin Liberty Short Duration US Government ETF by 4.9% in the 1st quarter. Sanctuary Advisors LLC now owns 15,639 shares of the company’s stock valued at $1,420,000 after purchasing an additional 732 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Franklin Liberty Short Duration US Government ETF by 75.5% in the 1st quarter. Kestra Advisory Services LLC now owns 4,806 shares of the company’s stock valued at $436,000 after purchasing an additional 2,067 shares during the last quarter.

Franklin Liberty Short Duration US Government ETF Price Performance

FTSD stock traded down $0.06 during trading hours on Friday, reaching $90.24. 23,866 shares of the stock were exchanged, compared to its average volume of 25,975. The firm’s 50-day moving average is $90.45 and its 200-day moving average is $90.77. Franklin Liberty Short Duration US Government ETF has a 12 month low of $89.65 and a 12 month high of $91.51.

About Franklin Liberty Short Duration US Government ETF

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.