Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Down 72.4% in May

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 22,646 shares, a decrease of 72.4% from the May 14th total of 82,103 shares. Based on an average daily volume of 274,479 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Franklin U.S. Treasury Bond ETF Price Performance

FLGV traded down $0.03 during trading on Friday, reaching $20.22. 140,350 shares of the company were exchanged, compared to its average volume of 148,889. The firm has a 50 day moving average of $20.29 and a 200 day moving average of $20.47. Franklin U.S. Treasury Bond ETF has a 52 week low of $19.96 and a 52 week high of $21.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% in the first quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock worth $509,000 after purchasing an additional 794 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter valued at $27,000. Encompass More Asset Management lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 2.6% in the fourth quarter. Encompass More Asset Management now owns 83,349 shares of the company’s stock valued at $1,710,000 after buying an additional 2,140 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after buying an additional 3,486 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 19.8% in the second quarter. NewEdge Advisors LLC now owns 35,169 shares of the company’s stock valued at $723,000 after buying an additional 5,806 shares during the period.

Franklin U.S. Treasury Bond ETF Company Profile

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.