Short Interest in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Decreases By 34.9%

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 52,162 shares, a drop of 34.9% from the August 15th total of 80,158 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 584,139 shares, the short-interest ratio is presently 0.1 days.

Franklin U.S. Core Bond ETF Price Performance

Shares of NYSEARCA:FLCB traded down $0.07 during mid-day trading on Friday, reaching $20.73. The stock had a trading volume of 146,845 shares, compared to its average volume of 455,091. Franklin U.S. Core Bond ETF has a 1 year low of $20.69 and a 1 year high of $21.96. The business’s 50 day moving average price is $21.04 and its 200 day moving average price is $21.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Franklin U.S. Core Bond ETF by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock worth $68,084,000 after buying an additional 975,606 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Franklin U.S. Core Bond ETF by 11.2% in the 1st quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock valued at $66,215,000 after acquiring an additional 311,379 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Franklin U.S. Core Bond ETF by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 2,378,561 shares of the company’s stock worth $51,115,000 after acquiring an additional 189,498 shares in the last quarter. Bank of America Corp DE grew its position in Franklin U.S. Core Bond ETF by 13.3% in the first quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after acquiring an additional 257,025 shares in the last quarter. Finally, Sequent Planning LLC increased its stake in Franklin U.S. Core Bond ETF by 10.0% during the first quarter. Sequent Planning LLC now owns 935,273 shares of the company’s stock worth $20,099,000 after acquiring an additional 84,735 shares during the last quarter.

About Franklin U.S. Core Bond ETF

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.