Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Update

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 17,520 shares, an increase of 133.5% from the May 14th total of 7,502 shares. Based on an average daily trading volume, of 67,893 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

A number of hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in shares of Franklin Investment Grade Corporate ETF by 3.5% in the 4th quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock valued at $116,258,000 after buying an additional 181,499 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Franklin Investment Grade Corporate ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after buying an additional 32,807 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Franklin Investment Grade Corporate ETF by 10.3% in the 1st quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock valued at $8,979,000 after buying an additional 39,008 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Franklin Investment Grade Corporate ETF by 3.5% in the 4th quarter. Benjamin Edwards Inc. now owns 287,986 shares of the company’s stock valued at $6,235,000 after buying an additional 9,794 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Franklin Investment Grade Corporate ETF by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock valued at $5,370,000 after buying an additional 22,226 shares in the last quarter.

Franklin Investment Grade Corporate ETF Trading Down 0.0%

Shares of FLCO stock traded down $0.01 during mid-day trading on Friday, reaching $21.40. The company’s stock had a trading volume of 66,385 shares, compared to its average volume of 99,920. Franklin Investment Grade Corporate ETF has a 1-year low of $21.09 and a 1-year high of $22.10. The firm’s 50-day moving average is $21.40 and its two-hundred day moving average is $21.57.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.