Franklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 18,677 shares, a growth of 102.4% from the March 15th total of 9,230 shares. Based on an average daily trading volume, of 75,345 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.
Franklin Ultra Short Bond ETF Stock Down 0.1%
Shares of FLUD stock traded down $0.02 during trading hours on Tuesday, reaching $24.98. 161,667 shares of the stock were exchanged, compared to its average volume of 92,284. The business’s fifty day moving average is $25.01 and its two-hundred day moving average is $25.02. Franklin Ultra Short Bond ETF has a 12-month low of $24.46 and a 12-month high of $26.70.
Hedge Funds Weigh In On Franklin Ultra Short Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Franklin Ultra Short Bond ETF by 713.9% in the fourth quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock valued at $4,291,000 after buying an additional 150,627 shares during the last quarter. LPL Financial LLC lifted its stake in Franklin Ultra Short Bond ETF by 57.3% in the fourth quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock valued at $4,397,000 after buying an additional 64,095 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Franklin Ultra Short Bond ETF in the fourth quarter valued at approximately $999,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Franklin Ultra Short Bond ETF in the fourth quarter valued at approximately $893,000. Finally, Jane Street Group LLC purchased a new stake in Franklin Ultra Short Bond ETF in the fourth quarter valued at approximately $816,000.
Franklin Ultra Short Bond ETF Company Profile
The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.
Further Reading
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