Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Shares Shorted: Short Interest Down 75.1% in September

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 16,952 shares, a decline of 75.1% from the August 31st total of 68,055 shares. Based on an average trading volume of 146,515 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Franklin Ultra Short Bond ETF Stock Performance

Shares of FLUD stock traded down $0.01 during mid-day trading on Monday, hitting $24.93. 147,797 shares of the stock were exchanged, compared to its average volume of 166,452. The stock’s fifty day simple moving average is $24.98 and its two-hundred day simple moving average is $24.98. Franklin Ultra Short Bond ETF has a 12-month low of $24.88 and a 12-month high of $25.50.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUD. Kestra Private Wealth Services LLC purchased a new stake in Franklin Ultra Short Bond ETF in the 1st quarter valued at $5,378,000. Citadel Advisors LLC boosted its stake in Franklin Ultra Short Bond ETF by 78.3% during the 2nd quarter. Citadel Advisors LLC now owns 44,527 shares of the company’s stock worth $1,115,000 after purchasing an additional 19,552 shares during the period. Cetera Investment Advisers grew its position in Franklin Ultra Short Bond ETF by 181.9% during the 1st quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock worth $595,000 after purchasing an additional 15,345 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Franklin Ultra Short Bond ETF during the 1st quarter worth $355,000.

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.