Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Sees Large Increase in Short Interest

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 18,356 shares, an increase of 591.9% from the July 15th total of 2,653 shares. Based on an average daily trading volume, of 43,749 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in Franklin Ultra Short Bond ETF by 181.9% in the first quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock worth $595,000 after purchasing an additional 15,345 shares during the period. Janney Montgomery Scott LLC bought a new stake in Franklin Ultra Short Bond ETF in the 1st quarter valued at $355,000. Kestra Private Wealth Services LLC bought a new stake in Franklin Ultra Short Bond ETF in the 1st quarter valued at $5,378,000. CacheTech Inc. acquired a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at $739,000. Finally, Royal Bank of Canada raised its stake in shares of Franklin Ultra Short Bond ETF by 713.9% in the 4th quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock valued at $4,291,000 after buying an additional 150,627 shares in the last quarter.

Franklin Ultra Short Bond ETF Stock Up 0.2%

Franklin Ultra Short Bond ETF stock opened at $25.02 on Friday. The business has a 50 day moving average price of $24.99 and a two-hundred day moving average price of $25.00. Franklin Ultra Short Bond ETF has a 12 month low of $24.88 and a 12 month high of $25.50.

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.