Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 35,841 shares, a drop of 67.9% from the June 15th total of 111,509 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 110,837 shares, the days-to-cover ratio is currently 0.3 days.
Franklin U.S. Treasury Bond ETF Trading Down 0.0%
NYSEARCA FLGV traded down $0.01 on Friday, reaching $20.10. 81,168 shares of the stock traded hands, compared to its average volume of 140,287. Franklin U.S. Treasury Bond ETF has a 12 month low of $19.96 and a 12 month high of $21.30. The company has a fifty day moving average price of $20.21 and a 200-day moving average price of $20.41.
Institutional Trading of Franklin U.S. Treasury Bond ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in Franklin U.S. Treasury Bond ETF in the fourth quarter worth about $27,000. Foundations Investment Advisors LLC purchased a new position in Franklin U.S. Treasury Bond ETF during the 4th quarter valued at about $244,000. JPMorgan Chase & Co. increased its position in Franklin U.S. Treasury Bond ETF by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after purchasing an additional 3,486 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $287,000. Finally, GC Wealth Management RIA LLC bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $371,000.
About Franklin U.S. Treasury Bond ETF
The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.
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