Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Shares Shorted: Short Interest Down 93.2% in September

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,676 shares, a drop of 93.2% from the September 15th total of 39,518 shares. Based on an average daily trading volume, of 15,322 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Several hedge funds have recently bought and sold shares of the company. Eastern Bank grew its position in Franklin Responsibly Sourced Gold ETF by 7.6% in the 3rd 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 last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of 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 last quarter. Capital Analysts LLC raised its holdings in shares of Franklin Responsibly Sourced Gold ETF by 49.4% during the second quarter. Capital Analysts LLC now owns 677 shares of the company’s stock valued at $36,000 after buying an additional 224 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Franklin Responsibly Sourced Gold ETF during the second quarter worth approximately $169,000. Finally, Mason & Associates Inc boosted its position in shares of Franklin Responsibly Sourced Gold ETF by 3.1% during the second quarter. Mason & Associates Inc now owns 8,987 shares of the company’s stock worth $480,000 after buying an additional 272 shares during the period.

Franklin Responsibly Sourced Gold ETF Stock Performance

FGDL stock traded up $0.87 during mid-day trading on Friday, reaching $55.84. The company had a trading volume of 7,184 shares, compared to its average volume of 43,396. Franklin Responsibly Sourced Gold ETF has a one year low of $52.00 and a one year high of $74.24. The stock’s 50-day simple moving average is $57.74 and its two-hundred day simple moving average is $58.26.

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.