Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Down 67.9% in June

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 35,841 shares, a decrease of 67.9% from the June 15th total of 111,509 shares. Based on an average daily volume of 110,837 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter worth approximately $27,000. Foundations Investment Advisors LLC bought a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $244,000. JPMorgan Chase & Co. raised its holdings in shares of Franklin U.S. Treasury Bond ETF by 38.7% during the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after acquiring an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter valued at approximately $287,000. Finally, GC Wealth Management RIA LLC purchased a new stake in Franklin U.S. Treasury Bond ETF in the fourth quarter worth $371,000.

Franklin U.S. Treasury Bond ETF Stock Performance

Shares of NYSEARCA:FLGV traded down $0.03 during midday trading on Monday, hitting $20.07. 8,265 shares of the stock traded hands, compared to its average volume of 139,237. The business’s 50 day moving average is $20.21 and its two-hundred day moving average is $20.41. Franklin U.S. Treasury Bond ETF has a one year low of $19.96 and a one year high of $21.30.

Franklin U.S. Treasury Bond ETF Company Profile

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.