Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Sees Significant Growth in Short Interest

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 18,641 shares, a growth of 176.8% from the May 31st total of 6,734 shares. Based on an average daily volume of 19,282 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

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

A number of hedge funds have recently modified their holdings of FTSD. LPL Financial LLC increased its stake in shares of Franklin Liberty Short Duration US Government ETF by 17.7% in the fourth quarter. LPL Financial LLC now owns 466,237 shares of the company’s stock worth $42,432,000 after purchasing an additional 70,066 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Franklin Liberty Short Duration US Government ETF by 183.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 102,504 shares of the company’s stock worth $9,334,000 after buying an additional 66,373 shares in the last quarter. Franklin Resources Inc. increased its stake in Franklin Liberty Short Duration US Government ETF by 15.9% in the 4th quarter. Franklin Resources Inc. now owns 360,014 shares of the company’s stock worth $32,765,000 after buying an additional 49,267 shares in the last quarter. UBS Group AG raised its holdings in Franklin Liberty Short Duration US Government ETF by 63.0% during the fourth quarter. UBS Group AG now owns 104,512 shares of the company’s stock valued at $9,512,000 after acquiring an additional 40,396 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of Franklin Liberty Short Duration US Government ETF by 411.1% in the third quarter. Citadel Advisors LLC now owns 47,750 shares of the company’s stock valued at $4,348,000 after acquiring an additional 38,407 shares in the last quarter.

Franklin Liberty Short Duration US Government ETF Stock Up 0.0%

Shares of NYSEARCA FTSD traded up $0.02 during trading on Monday, hitting $90.52. The company had a trading volume of 10,904 shares, compared to its average volume of 25,267. The stock has a 50 day simple moving average of $90.40 and a 200 day simple moving average of $90.72. Franklin Liberty Short Duration US Government ETF has a 12 month low of $89.65 and a 12 month high of $91.51.

About Franklin Liberty Short Duration US Government ETF

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.