Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Update

Franklin High Yield Corporate ETF (BATS:FLHY) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 15,524 shares, a decline of 81.0% from the July 30th total of 81,905 shares. Based on an average daily trading volume, of 229,475 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Franklin High Yield Corporate ETF

Several hedge funds have recently modified their holdings of FLHY. Tenzing Financial LLC purchased a new position in Franklin High Yield Corporate ETF during the fourth quarter worth $991,000. Fifth Third Bancorp purchased a new stake in shares of Franklin High Yield Corporate ETF in the first quarter valued at approximately $502,000. Prentice Wealth Management LLC lifted its stake in Franklin High Yield Corporate ETF by 72.5% in the first quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock worth $24,403,000 after acquiring an additional 424,952 shares during the period. Cetera Investment Advisers grew its holdings in Franklin High Yield Corporate ETF by 79.2% during the 1st quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock worth $18,537,000 after acquiring an additional 339,472 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Franklin High Yield Corporate ETF by 3.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,882,471 shares of the company’s stock valued at $45,961,000 after buying an additional 64,670 shares during the period.

Franklin High Yield Corporate ETF Stock Performance

Shares of BATS FLHY traded down $0.03 during mid-day trading on Thursday, reaching $24.25. The company’s stock had a trading volume of 99,723 shares, compared to its average volume of 292,342. The stock has a fifty day moving average of $24.18 and a two-hundred day moving average of $24.25. Franklin High Yield Corporate ETF has a 52 week low of $23.82 and a 52 week 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.