Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Decreases By 52.7%

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 124,964 shares, a drop of 52.7% from the April 30th total of 264,354 shares. Based on an average daily trading volume, of 317,338 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in Franklin High Yield Corporate ETF by 59.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after purchasing an additional 650 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Franklin High Yield Corporate ETF during the 4th quarter valued at approximately $77,000. EverSource Wealth Advisors LLC raised its stake in 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 valued at $100,000 after purchasing an additional 3,757 shares during the period. US Bancorp DE raised its stake in Franklin High Yield Corporate ETF by 52.7% during the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock valued at $113,000 after purchasing an additional 1,585 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Franklin High Yield Corporate ETF by 24.4% during the 4th quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock valued at $182,000 after purchasing an additional 1,460 shares during the period.

Franklin High Yield Corporate ETF Stock Down 0.5%

BATS FLHY opened at $24.24 on Tuesday. The stock’s 50-day moving average price is $24.25 and its 200-day moving average price is $24.36. Franklin High Yield Corporate ETF has a 52 week low of $23.82 and a 52 week high of $24.63.

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.