Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Update

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 7,502 shares, a decrease of 51.5% from the April 30th total of 15,463 shares. Based on an average daily trading volume, of 38,053 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Franklin Investment Grade Corporate ETF Price Performance

FLCO stock traded down $0.01 during trading on Tuesday, hitting $21.38. The company had a trading volume of 38,023 shares, compared to its average volume of 104,398. The company has a fifty day moving average price of $21.40 and a two-hundred day moving average price of $21.60. Franklin Investment Grade Corporate ETF has a fifty-two week low of $21.09 and a fifty-two week high of $22.10.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Franklin Investment Grade Corporate ETF by 3.5% during the 4th quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock worth $116,258,000 after purchasing an additional 181,499 shares in the last quarter. Bank of America Corp DE boosted its position in Franklin Investment Grade Corporate ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after buying an additional 32,807 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Franklin Investment Grade Corporate ETF by 10.3% during the first quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock worth $8,979,000 after buying an additional 39,008 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Franklin Investment Grade Corporate ETF by 3.5% during the fourth quarter. Benjamin Edwards Inc. now owns 287,986 shares of the company’s stock worth $6,235,000 after buying an additional 9,794 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Franklin Investment Grade Corporate ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock worth $5,370,000 after buying an additional 22,226 shares in the last quarter.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.