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

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,438 shares, a growth of 103.2% from the September 30th total of 2,676 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FGDL. Eastern Bank acquired a new position in shares of Franklin Responsibly Sourced Gold ETF during the 2nd quarter worth about $5,894,000. Sonoma Allocations LLC lifted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 28.7% in the 1st quarter. Sonoma Allocations LLC now owns 6,275 shares of the company’s stock worth $393,000 after acquiring an additional 1,401 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Franklin Responsibly Sourced Gold ETF by 171.5% in the 1st quarter. Kestra Advisory Services LLC now owns 4,241 shares of the company’s stock worth $264,000 after acquiring an additional 2,679 shares in the last quarter. Cornerstone Planning Group LLC raised its position in Franklin Responsibly Sourced Gold ETF by 2,359.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 541 shares of the company’s stock worth $33,000 after buying an additional 519 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in Franklin Responsibly Sourced Gold ETF by 22.7% during the first quarter. PFG Investments LLC now owns 12,132 shares of the company’s stock valued at $754,000 after purchasing an additional 2,245 shares in the last quarter.

Franklin Responsibly Sourced Gold ETF Stock Down 3.4%

Franklin Responsibly Sourced Gold ETF stock traded down $1.82 during mid-day trading on Friday, reaching $51.71. 17,068 shares of the company were exchanged, compared to its average volume of 41,519. Franklin Responsibly Sourced Gold ETF has a twelve month low of $51.54 and a twelve month high of $74.24. The firm’s 50-day simple moving average is $56.70 and its two-hundred day simple moving average is $59.90.

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.