Short Interest in Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Drops By 35.2%

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 7,485 shares, a drop of 35.2% from the April 15th total of 11,548 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 21,118 shares, the days-to-cover ratio is presently 0.4 days.

Franklin Liberty Short Duration US Government ETF Stock Performance

Shares of FTSD stock traded down $0.05 during mid-day trading on Tuesday, hitting $90.17. 8,021 shares of the stock were exchanged, compared to its average volume of 27,279. The stock’s fifty day simple moving average is $90.61 and its two-hundred day simple moving average is $90.85. Franklin Liberty Short Duration US Government ETF has a 12-month low of $89.65 and a 12-month high of $91.51.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FTSD. Royal Bank of Canada grew its holdings in shares of Franklin Liberty Short Duration US Government ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock worth $1,483,000 after buying an additional 225 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Franklin Liberty Short Duration US Government ETF during the third quarter worth about $6,984,000. Jones Financial Companies Lllp grew its holdings in shares of Franklin Liberty Short Duration US Government ETF by 16.4% during the third quarter. Jones Financial Companies Lllp now owns 15,870 shares of the company’s stock worth $1,445,000 after buying an additional 2,236 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Franklin Liberty Short Duration US Government ETF during the third quarter worth about $1,004,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Franklin Liberty Short Duration US Government ETF during the third quarter worth about $180,000.

Franklin Liberty Short Duration US Government ETF Company Profile

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.