Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Expands By 48.9%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 14,000 shares, an increase of 48.9% from the September 15th total of 9,400 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is presently 1.0 days.

Franklin Ultra Short Bond ETF Stock Performance

Shares of Franklin Ultra Short Bond ETF stock opened at $25.10 on Thursday. The company’s fifty day simple moving average is $25.05 and its 200-day simple moving average is $24.98. Franklin Ultra Short Bond ETF has a 1 year low of $24.15 and a 1 year high of $26.70.

Institutional Trading of Franklin Ultra Short Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in Franklin Ultra Short Bond ETF by 49.9% in the 2nd quarter. Franklin Resources Inc. now owns 5,671,900 shares of the company’s stock worth $142,024,000 after purchasing an additional 1,889,100 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of Franklin Ultra Short Bond ETF in the first quarter valued at about $973,000. Jane Street Group LLC grew its position in Franklin Ultra Short Bond ETF by 105.6% during the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after buying an additional 16,529 shares in the last quarter. Finally, Encompass More Asset Management increased its stake in Franklin Ultra Short Bond ETF by 13.9% during the first quarter. Encompass More Asset Management now owns 91,897 shares of the company’s stock valued at $2,299,000 after acquiring an additional 11,236 shares during the period.

About Franklin Ultra Short Bond ETF

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.