Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Large Decrease in Short Interest

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 52,162 shares, a decrease of 34.9% from the August 15th total of 80,158 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 584,139 shares, the short-interest ratio is presently 0.1 days.

Franklin U.S. Core Bond ETF Stock Performance

Franklin U.S. Core Bond ETF stock traded up $0.08 during trading on Thursday, reaching $20.80. 312,762 shares of the company were exchanged, compared to its average volume of 456,972. Franklin U.S. Core Bond ETF has a 52-week low of $20.69 and a 52-week high of $21.96. The stock’s 50 day simple moving average is $21.04 and its two-hundred day simple moving average is $21.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Franklin U.S. Core Bond ETF by 13.3% during the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after purchasing an additional 257,025 shares during the last quarter. Sequent Planning LLC raised its stake in Franklin U.S. Core Bond ETF by 10.0% during the first quarter. Sequent Planning LLC now owns 935,273 shares of the company’s stock worth $20,099,000 after purchasing an additional 84,735 shares during the period. Natixis Advisors LLC boosted its holdings in Franklin U.S. Core Bond ETF by 73.3% in the 4th quarter. Natixis Advisors LLC now owns 127,744 shares of the company’s stock valued at $2,762,000 after purchasing an additional 54,048 shares during the last quarter. World Investment Advisors acquired a new position in Franklin U.S. Core Bond ETF in the 4th quarter valued at about $1,497,000. Finally, Capital Analysts LLC grew its stake in shares of Franklin U.S. Core Bond ETF by 53,195.9% in the 2nd quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock valued at $4,699,000 after buying an additional 219,167 shares during the period.

About Franklin U.S. Core Bond ETF

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.