Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Update

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 103,599 shares, a growth of 135.9% from the April 15th total of 43,917 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 60,815 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLUD. Royal Bank of Canada acquired a new position in Franklin Ultra Short Bond ETF during the first quarter worth about $973,000. Jane Street Group LLC increased its stake in Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after purchasing an additional 16,529 shares in the last quarter. Citadel Advisors LLC increased its stake in 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. Wealth Enhancement Advisory Services LLC acquired a new stake in Franklin Ultra Short Bond ETF during the 4th quarter worth about $893,000. Finally, LPL Financial LLC boosted its position in Franklin Ultra Short Bond ETF by 57.3% during the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock worth $4,397,000 after acquiring an additional 64,095 shares during the period.

Franklin Ultra Short Bond ETF Price Performance

NYSEARCA:FLUD traded up $0.01 during mid-day trading on Friday, reaching $25.00. 305,730 shares of the stock were exchanged, compared to its average volume of 141,843. The business has a fifty day moving average price of $24.99 and a 200 day moving average price of $25.01. Franklin Ultra Short Bond ETF has a 1-year low of $24.46 and a 1-year high of $26.70.

About Franklin Ultra Short Bond ETF

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.