Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Stock Short Interest Rises 103.2%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,438 shares, a growth of 103.2% from the September 30th total of 2,676 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Franklin Responsibly Sourced Gold ETF Stock Performance

FGDL traded down $1.82 during midday trading on Friday, reaching $51.71. The company had a trading volume of 17,068 shares, compared to its average volume of 41,519. The business has a 50-day moving average of $56.70 and a two-hundred day moving average of $59.90. Franklin Responsibly Sourced Gold ETF has a 1 year low of $51.54 and a 1 year high of $74.24.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Eastern Bank purchased a new stake in Franklin Responsibly Sourced Gold ETF in the 2nd quarter worth $5,894,000. Sax Wealth Advisors LLC purchased a new position in shares of Franklin Responsibly Sourced Gold ETF in the third quarter valued at about $344,000. Integrated Wealth Concepts LLC bought a new position in shares of Franklin Responsibly Sourced Gold ETF in the second quarter worth about $169,000. Vise Technologies Inc. boosted its stake in shares of Franklin Responsibly Sourced Gold ETF by 63.0% in the third quarter. Vise Technologies Inc. now owns 7,789 shares of the company’s stock worth $430,000 after acquiring an additional 3,011 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Franklin Responsibly Sourced Gold ETF by 171.5% during the first quarter. Kestra Advisory Services LLC now owns 4,241 shares of the company’s stock worth $264,000 after purchasing an additional 2,679 shares in the last quarter.

About Franklin Responsibly Sourced Gold ETF

(Get Free Report)

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.

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