Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Grows By 90.1%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 37,574 shares, an increase of 90.1% from the August 15th total of 19,764 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 52,038 shares, the short-interest ratio is currently 0.7 days.

Franklin Investment Grade Corporate ETF Stock Performance

NYSEARCA FLCO traded up $0.01 on Tuesday, hitting $20.64. 39,376 shares of the stock were exchanged, compared to its average volume of 86,077. The business’s fifty day moving average is $20.99 and its 200 day moving average is $21.28. Franklin Investment Grade Corporate ETF has a 52 week low of $20.60 and a 52 week high of $22.10.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Compound Planning Inc. raised its holdings in shares of Franklin Investment Grade Corporate ETF by 22.2% in the 1st quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after purchasing an additional 10,214 shares during the period. Sequent Planning LLC grew its holdings in Franklin Investment Grade Corporate ETF by 11.1% during the fourth quarter. Sequent Planning LLC now owns 116,821 shares of the company’s stock worth $2,529,000 after purchasing an additional 11,669 shares during the period. Bank of New York Mellon Corp increased its position in Franklin Investment Grade Corporate ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock worth $5,370,000 after buying an additional 22,226 shares during the last quarter. Cetera Investment Advisers increased its position in Franklin Investment Grade Corporate ETF by 25.3% during the first quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock worth $2,453,000 after buying an additional 23,158 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Franklin Investment Grade Corporate ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock worth $21,200,000 after buying an additional 32,807 shares during the last quarter.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.