Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Declines By 61.8%

Franklin High Yield Corporate ETF (BATS:FLHY) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 47,718 shares, a drop of 61.8% from the May 14th total of 124,964 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 256,991 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Franklin High Yield Corporate ETF by 96,562.4% during the first quarter. Bank of America Corp DE now owns 144,027 shares of the company’s stock valued at $3,477,000 after acquiring an additional 143,878 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Franklin High Yield Corporate ETF by 939.3% during the first quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock valued at $100,000 after acquiring an additional 3,757 shares in the last quarter. Cetera Investment Advisers raised its position in Franklin High Yield Corporate ETF by 79.2% during the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after acquiring an additional 339,472 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Franklin High Yield Corporate ETF by 192.0% in the first quarter. PNC Financial Services Group Inc. now owns 72,557 shares of the company’s stock valued at $1,752,000 after buying an additional 47,706 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Franklin High Yield Corporate ETF in the first quarter valued at approximately $1,247,000.

Franklin High Yield Corporate ETF Stock Down 0.1%

FLHY stock traded down $0.02 during trading on Friday, hitting $24.24. 130,363 shares of the company traded hands, compared to its average volume of 321,041. The stock’s 50-day simple moving average is $24.28 and its 200 day simple moving average is $24.36. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63.

Franklin High Yield Corporate ETF Company Profile

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.