Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Stock Short Interest Report for October

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 27,956 shares, a growth of 414.1% from the October 15th total of 5,438 shares. Based on an average daily trading volume, of 19,382 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF

Hedge funds have recently made changes to their positions in the company. Eastern Bank grew its stake in Franklin Responsibly Sourced Gold ETF by 7.6% in the third quarter. Eastern Bank now owns 118,876 shares of the company’s stock worth $6,570,000 after purchasing an additional 8,439 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Franklin Responsibly Sourced Gold ETF by 3.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,130 shares of the company’s stock valued at $2,622,000 after buying an additional 1,491 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 13.4% during the 3rd quarter. Park Avenue Securities LLC now owns 21,776 shares of the company’s stock valued at $1,204,000 after buying an additional 2,574 shares in the last quarter. Trademark Financial Management LLC boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 20.5% during the 3rd quarter. Trademark Financial Management LLC now owns 11,944 shares of the company’s stock valued at $660,000 after buying an additional 2,029 shares in the last quarter. Finally, Mason & Associates Inc boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 3.1% during the 2nd quarter. Mason & Associates Inc now owns 8,987 shares of the company’s stock valued at $480,000 after buying an additional 272 shares in the last quarter.

Franklin Responsibly Sourced Gold ETF Stock Performance

Franklin Responsibly Sourced Gold ETF stock traded down $1.48 during trading hours on Thursday, hitting $51.58. 63,132 shares of the stock traded hands, compared to its average volume of 41,409. The firm’s 50-day moving average price is $55.46 and its two-hundred day moving average price is $59.44. Franklin Responsibly Sourced Gold ETF has a one year low of $51.24 and a one year high of $74.24.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.