Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Up 755.7% in August

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 38,490 shares, a growth of 755.7% from the August 15th total of 4,498 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 22,702 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Several large investors have recently bought and sold shares of the company. Comerica Bank purchased a new position in shares of Franklin Responsibly Sourced Gold ETF in the first quarter valued at $48,000. Jane Street Group LLC boosted its position in shares of Franklin Responsibly Sourced Gold ETF by 18.5% in the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock worth $4,903,000 after buying an additional 18,319 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF in the 2nd quarter worth about $35,000. Bank of America Corp DE purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF in the 2nd quarter worth about $120,000. Finally, Osaic Holdings Inc. grew its stake in Franklin Responsibly Sourced Gold ETF by 104.0% in the 2nd quarter. Osaic Holdings Inc. now owns 23,968 shares of the company’s stock valued at $1,054,000 after acquiring an additional 12,220 shares during the last quarter.

Franklin Responsibly Sourced Gold ETF Stock Performance

FGDL opened at $57.56 on Friday. Franklin Responsibly Sourced Gold ETF has a 1-year low of $48.30 and a 1-year high of $74.24. The stock’s 50 day simple moving average is $56.79 and its 200 day simple moving average is $59.84.

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.