Franklin Senior Loan ETF (BATS:FLBL) Shares Shorted: Short Interest Up 79.2% in September

Franklin Senior Loan ETF (BATS:FLBL) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 343,809 shares, a growth of 79.2% from the September 15th total of 191,806 shares. Based on an average trading volume of 383,246 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the company’s stock are sold short.

Franklin Senior Loan ETF Price Performance

BATS FLBL opened at $22.73 on Thursday. The company’s fifty day simple moving average is $22.99 and its 200-day simple moving average is $22.98. Franklin Senior Loan ETF has a 52 week low of $22.57 and a 52 week high of $23.89.

Hedge Funds Weigh In On Franklin Senior Loan ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Franklin Senior Loan ETF by 655.5% in the first quarter. Bank of New York Mellon Corp now owns 1,933,014 shares of the company’s stock worth $44,459,000 after acquiring an additional 1,677,153 shares in the last quarter. SHP Wealth Management bought a new position in shares of Franklin Senior Loan ETF during the fourth quarter worth about $27,713,000. Royal Bank of Canada increased its holdings in Franklin Senior Loan ETF by 226.6% in the first quarter. Royal Bank of Canada now owns 334,835 shares of the company’s stock valued at $7,700,000 after buying an additional 232,329 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Franklin Senior Loan ETF during the second quarter valued at approximately $4,314,000. Finally, PNC Financial Services Group Inc. raised its stake in Franklin Senior Loan ETF by 5,905.2% during the first quarter. PNC Financial Services Group Inc. now owns 98,545 shares of the company’s stock valued at $2,267,000 after buying an additional 96,904 shares in the last quarter.

About Franklin Senior Loan ETF

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.