Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Update

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,631 shares, a decline of 72.7% from the May 31st total of 5,981 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 29,653 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF

A number of hedge funds have recently modified their holdings of FGDL. JPMorgan Chase & Co. acquired a new position in shares of Franklin Responsibly Sourced Gold ETF in the third quarter worth approximately $5,357,000. Maridea Wealth Management LLC acquired a new position in shares of Franklin Responsibly Sourced Gold ETF during the first quarter worth approximately $2,983,000. LPL Financial LLC raised its holdings in Franklin Responsibly Sourced Gold ETF by 12.6% during the fourth quarter. LPL Financial LLC now owns 259,327 shares of the company’s stock worth $14,937,000 after buying an additional 29,017 shares during the last quarter. Jane Street Group LLC lifted its position in Franklin Responsibly Sourced Gold ETF by 18.5% in the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock valued at $4,903,000 after acquiring an additional 18,319 shares in the last quarter. Finally, Avise Financial Cooperative Inc. acquired a new position in Franklin Responsibly Sourced Gold ETF during the 4th quarter valued at about $896,000.

Franklin Responsibly Sourced Gold ETF Stock Performance

Shares of Franklin Responsibly Sourced Gold ETF stock traded up $0.45 on Friday, hitting $54.10. The stock had a trading volume of 23,259 shares, compared to its average volume of 59,421. The stock has a 50 day moving average of $59.60 and a 200 day moving average of $62.05. Franklin Responsibly Sourced Gold ETF has a twelve month low of $43.41 and a twelve month high of $74.24.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.