Franklin High Yield Corporate ETF (BATS:FLHY) Sees Significant Increase in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 61,733 shares, an increase of 1,761.7% from the October 15th total of 3,316 shares. Based on an average daily trading volume, of 322,245 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

Several large investors have recently added to or reduced their stakes in FLHY. Hantz Financial Services Inc. purchased a new stake in shares of Franklin High Yield Corporate ETF in the third quarter worth approximately $63,833,000. Prentice Wealth Management LLC boosted its position in shares of Franklin High Yield Corporate ETF by 5.1% during the third quarter. Prentice Wealth Management LLC now owns 1,131,765 shares of the company’s stock valued at $26,489,000 after buying an additional 54,575 shares during the last quarter. Provenance Wealth Advisors LLC boosted its position in shares of Franklin High Yield Corporate ETF by 13.7% during the third quarter. Provenance Wealth Advisors LLC now owns 955,002 shares of the company’s stock valued at $22,352,000 after buying an additional 115,260 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Franklin High Yield Corporate ETF by 79.2% during the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after buying an additional 339,472 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in Franklin High Yield Corporate ETF by 8.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 681,278 shares of the company’s stock worth $16,548,000 after buying an additional 53,557 shares in the last quarter.

Franklin High Yield Corporate ETF Stock Down 0.3%

Shares of BATS FLHY traded down $0.08 during mid-day trading on Tuesday, reaching $23.45. 232,657 shares of the company’s stock traded hands, compared to its average volume of 292,506. The business has a 50-day simple moving average of $23.59 and a 200 day simple moving average of $24.10. Franklin High Yield Corporate ETF has a 1-year low of $23.14 and a 1-year high of $24.63.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.