Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Declines By 77.3%

Franklin High Yield Corporate ETF (BATS:FLHY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 14,762 shares, a drop of 77.3% from the June 30th total of 65,158 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 299,767 shares, the short-interest ratio is presently 0.0 days.

Franklin High Yield Corporate ETF Stock Performance

FLHY opened at $24.06 on Friday. The business has a fifty day simple moving average of $24.22 and a 200 day simple moving average of $24.32. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its position in Franklin High Yield Corporate ETF by 59.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after acquiring an additional 650 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Franklin High Yield Corporate ETF during the 4th quarter worth approximately $77,000. EverSource Wealth Advisors LLC grew its position in shares of Franklin High Yield Corporate ETF by 939.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock worth $100,000 after purchasing an additional 3,757 shares in the last quarter. US Bancorp DE raised its position in shares of Franklin High Yield Corporate ETF by 52.7% in the third quarter. US Bancorp DE now owns 4,593 shares of the company’s stock valued at $113,000 after buying an additional 1,585 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Franklin High Yield Corporate ETF by 24.4% in the fourth quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock valued at $182,000 after buying an additional 1,460 shares in the last quarter.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.