Franklin High Yield Corporate ETF (BATS:FLHY) Sees Large Increase in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 81,905 shares, a growth of 454.8% from the July 15th total of 14,762 shares. Based on an average daily trading volume, of 247,816 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Franklin High Yield Corporate ETF Trading Up 0.1%

BATS FLHY opened at $24.20 on Friday. Franklin High Yield Corporate ETF has a 12-month low of $23.82 and a 12-month high of $24.63. The company has a 50 day moving average price of $24.18 and a two-hundred day moving average price of $24.27.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Large investors have recently bought and sold shares of the business. Provenance Wealth Advisors LLC acquired a new position in Franklin High Yield Corporate ETF during the first quarter worth $19,873,000. Ameriprise Financial Inc. lifted its position in shares of Franklin High Yield Corporate ETF by 153.8% in the third quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock worth $27,497,000 after buying an additional 679,295 shares during the last quarter. Prentice Wealth Management LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 72.5% during the 1st 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 in the last quarter. Cetera Investment Advisers boosted its stake in shares of 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, Ocean Park Asset Management LLC bought a new stake in shares of Franklin High Yield Corporate ETF during the 2nd quarter worth about $7,238,000.

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.