Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Drops By 64.2%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 37,044 shares, a drop of 64.2% from the April 30th total of 103,599 shares. Based on an average trading volume of 528,364 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are short sold.

Franklin Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:FLUD traded up $0.04 on Friday, hitting $25.02. 81,291 shares of the company traded hands, compared to its average volume of 136,847. Franklin Ultra Short Bond ETF has a 52 week low of $24.46 and a 52 week high of $26.70. The stock has a 50 day simple moving average of $24.99 and a 200-day simple moving average of $25.01.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Franklin Ultra Short Bond ETF during the fourth quarter valued at $893,000. LPL Financial LLC increased its holdings in shares of Franklin Ultra Short Bond ETF by 57.3% during the fourth quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock valued at $4,397,000 after acquiring an additional 64,095 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Franklin Ultra Short Bond ETF by 713.9% during the fourth 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 in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Franklin Ultra Short Bond ETF during the fourth quarter valued at $999,000. Finally, Citadel Advisors LLC increased its holdings in shares of Franklin Ultra Short Bond ETF by 40.7% during the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after acquiring an additional 9,491 shares in the last quarter.

About Franklin Ultra Short Bond ETF

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.