Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Up 328.3% in August

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 78,612 shares, a growth of 328.3% from the July 30th total of 18,356 shares. Based on an average daily volume of 122,505 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Franklin Ultra Short Bond ETF Stock Performance

Shares of Franklin Ultra Short Bond ETF stock traded up $0.01 during midday trading on Thursday, hitting $25.01. The company had a trading volume of 85,211 shares, compared to its average volume of 167,724. Franklin Ultra Short Bond ETF has a 52-week low of $24.88 and a 52-week high of $25.50. The company has a 50 day moving average of $25.00 and a 200 day moving average of $25.00.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC purchased a new stake in shares of Franklin Ultra Short Bond ETF during the first quarter valued at approximately $5,378,000. LPL Financial LLC lifted its position in Franklin Ultra Short Bond ETF by 57.3% in the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock valued at $4,397,000 after acquiring an additional 64,095 shares in the last quarter. Royal Bank of Canada boosted its stake in Franklin Ultra Short Bond ETF by 713.9% during the 4th quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock valued at $4,291,000 after purchasing an additional 150,627 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Franklin Ultra Short Bond ETF during the 4th quarter valued at $999,000. Finally, Citadel Advisors LLC increased its holdings in shares of Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock worth $824,000 after purchasing an additional 9,491 shares in the last quarter.

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.