Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Stock Short Interest Falls 57.1%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 10,495 shares, a drop of 57.1% from the September 15th total of 24,485 shares. Based on an average daily trading volume, of 146,625 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock valued at $21,200,000 after purchasing an additional 32,807 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of 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. Bank of New York Mellon Corp raised 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 valued at $5,370,000 after buying an additional 22,226 shares during the period. Envestnet Asset Management Inc. raised its position in Franklin Investment Grade Corporate ETF by 12.9% during the second quarter. Envestnet Asset Management Inc. now owns 238,524 shares of the company’s stock valued at $5,114,000 after buying an additional 27,252 shares during the period. Finally, Citadel Advisors LLC raised its position in Franklin Investment Grade Corporate ETF by 49.5% during the second quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after buying an additional 58,586 shares during the period.

Franklin Investment Grade Corporate ETF Stock Up 0.0%

Shares of FLCO stock traded up $0.01 during trading hours on Tuesday, reaching $20.36. 84,124 shares of the stock traded hands, compared to its average volume of 90,112. Franklin Investment Grade Corporate ETF has a 1-year low of $20.13 and a 1-year high of $22.10. The business has a fifty day moving average price of $20.74 and a 200 day moving average price of $21.12.

About Franklin Investment Grade Corporate ETF

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.