Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Shares Shorted: Short Interest Down 75.1% in September

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 16,952 shares, a drop of 75.1% from the August 31st total of 68,055 shares. Based on an average daily volume of 146,515 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC purchased a new position in shares of Franklin Ultra Short Bond ETF during the 1st quarter valued at about $5,378,000. Citadel Advisors LLC increased its holdings in Franklin Ultra Short Bond ETF by 78.3% in the 2nd quarter. Citadel Advisors LLC now owns 44,527 shares of the company’s stock worth $1,115,000 after acquiring an additional 19,552 shares in the last quarter. Cetera Investment Advisers increased its holdings in Franklin Ultra Short Bond ETF by 181.9% in the 1st quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock worth $595,000 after acquiring an additional 15,345 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Franklin Ultra Short Bond ETF in the 1st quarter worth approximately $355,000.

Franklin Ultra Short Bond ETF Price Performance

NYSEARCA FLUD traded up $0.02 on Friday, hitting $24.95. 137,945 shares of the company traded hands, compared to its average volume of 166,545. The business’s 50 day moving average price is $24.98 and its 200-day moving average price is $24.98. Franklin Ultra Short Bond ETF has a 52-week low of $24.88 and a 52-week high of $25.50.

Franklin Ultra Short Bond ETF Company Profile

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.