Short Interest in Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Grows By 105.7%

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 38,339 shares, a growth of 105.7% from the June 15th total of 18,641 shares. Based on an average daily volume of 18,875 shares, the short-interest ratio is currently 2.0 days. Approximately 1.2% of the shares of the company are sold short.

Franklin Liberty Short Duration US Government ETF Stock Performance

FTSD traded down $0.01 during trading on Thursday, hitting $90.21. 22,726 shares of the company traded hands, compared to its average volume of 26,885. Franklin Liberty Short Duration US Government ETF has a 1 year low of $89.57 and a 1 year high of $91.51. The stock’s 50-day simple moving average is $90.27 and its two-hundred day simple moving average is $90.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTSD. LPL Financial LLC increased its holdings in shares of Franklin Liberty Short Duration US Government ETF by 17.7% during the 4th quarter. LPL Financial LLC now owns 466,237 shares of the company’s stock valued at $42,432,000 after purchasing an additional 70,066 shares in the last quarter. Franklin Resources Inc. raised its position in Franklin Liberty Short Duration US Government ETF by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 360,014 shares of the company’s stock valued at $32,765,000 after purchasing an additional 49,267 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Franklin Liberty Short Duration US Government ETF by 5.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 210,011 shares of the company’s stock valued at $19,008,000 after purchasing an additional 10,705 shares during the last quarter. UBS Group AG increased its stake in Franklin Liberty Short Duration US Government ETF by 63.0% during the fourth quarter. UBS Group AG now owns 104,512 shares of the company’s stock worth $9,512,000 after purchasing an additional 40,396 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in Franklin Liberty Short Duration US Government ETF by 183.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 102,504 shares of the company’s stock worth $9,334,000 after buying an additional 66,373 shares in the last quarter.

About Franklin Liberty Short Duration US Government ETF

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.