Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Increases By 163.1%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 15,463 shares, an increase of 163.1% from the April 15th total of 5,877 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 102,769 shares, the short-interest ratio is presently 0.2 days.

Franklin Investment Grade Corporate ETF Stock Down 0.0%

FLCO opened at $21.36 on Friday. Franklin Investment Grade Corporate ETF has a 52 week low of $20.90 and a 52 week high of $22.10. The business’s fifty day simple moving average is $21.44 and its 200 day simple moving average is $21.64.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

A number of large investors have recently bought and sold shares of FLCO. Compound Planning Inc. increased its stake in Franklin Investment Grade Corporate ETF by 22.2% during the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock worth $1,206,000 after acquiring an additional 10,214 shares during the last quarter. Cetera Investment Advisers raised its holdings in Franklin Investment Grade Corporate ETF by 25.3% in the first quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock valued at $2,453,000 after buying an additional 23,158 shares during the period. Bank of New York Mellon Corp raised its holdings in Franklin Investment Grade Corporate ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 250,706 shares of the company’s stock valued at $5,370,000 after buying an additional 22,226 shares during the period. Sanctuary Advisors LLC lifted its position in Franklin Investment Grade Corporate ETF by 10.3% during the first quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock valued at $8,979,000 after buying an additional 39,008 shares in the last quarter. Finally, Sequent Planning LLC lifted its position in Franklin Investment Grade Corporate ETF by 11.2% during the first quarter. Sequent Planning LLC now owns 129,939 shares of the company’s stock valued at $2,783,000 after buying an additional 13,118 shares in 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.