Franklin High Yield Corporate ETF (BATS:FLHY) Sees Significant Growth in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 264,354 shares, an increase of 2,628.7% from the April 15th total of 9,688 shares. Based on an average daily trading volume, of 507,010 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.0% of the shares of the stock are sold short.

Franklin High Yield Corporate ETF Trading Down 0.1%

Shares of FLHY stock traded down $0.03 during mid-day trading on Monday, reaching $24.30. The stock had a trading volume of 106,474 shares, compared to its average volume of 347,690. Franklin High Yield Corporate ETF has a 12-month low of $23.77 and a 12-month high of $24.63. The business has a 50-day simple moving average of $24.26 and a 200 day simple moving average of $24.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLHY. Geneos Wealth Management Inc. increased its position in Franklin High Yield Corporate ETF by 59.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after purchasing an additional 650 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Franklin High Yield Corporate ETF during the 4th quarter worth about $77,000. US Bancorp DE increased its position in Franklin High Yield Corporate ETF by 52.7% during the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock worth $113,000 after purchasing an additional 1,585 shares in the last quarter. Farther Finance Advisors LLC increased its position in Franklin High Yield Corporate ETF by 24.4% during the 4th quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock worth $182,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Franklin High Yield Corporate ETF during the 3rd quarter worth about $196,000.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.