Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Drops By 43.4%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 30,922 shares, a drop of 43.4% from the June 15th total of 54,625 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 579,036 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Ultra Short Bond ETF Stock Performance

NYSEARCA:FLUD traded up $0.01 on Thursday, hitting $25.01. 20,304 shares of the stock were exchanged, compared to its average volume of 184,522. Franklin Ultra Short Bond ETF has a 52 week low of $24.85 and a 52 week high of $26.07. The company’s 50-day moving average price is $24.99 and its 200 day moving average price is $25.00.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC acquired a new stake in Franklin Ultra Short Bond ETF during the 1st quarter worth $5,378,000. Royal Bank of Canada raised its position in shares of Franklin Ultra Short Bond ETF by 713.9% during the 4th quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock valued at $4,291,000 after acquiring an additional 150,627 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Franklin Ultra Short Bond ETF by 57.3% in the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock valued at $4,397,000 after purchasing an additional 64,095 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at $999,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter worth $893,000.

Franklin Ultra Short Bond ETF Company Profile

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.