Short Interest in Franklin Senior Loan ETF (BATS:FLBL) Drops By 85.9%

Franklin Senior Loan ETF (BATS:FLBL) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 261,149 shares, a drop of 85.9% from the May 14th total of 1,849,248 shares. Based on an average daily trading volume, of 164,567 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.6% of the shares of the stock are short sold.

Franklin Senior Loan ETF Stock Down 0.3%

BATS FLBL opened at $22.84 on Thursday. The business’s fifty day moving average is $23.01 and its two-hundred day moving average is $23.21. Franklin Senior Loan ETF has a 1 year low of $22.57 and a 1 year high of $24.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Franklin Senior Loan ETF by 9.2% in the first quarter. Bank of America Corp DE now owns 220,883 shares of the company’s stock valued at $5,080,000 after purchasing an additional 18,586 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of Franklin Senior Loan ETF by 27.8% during the first quarter. Arkadios Wealth Advisors now owns 43,038 shares of the company’s stock valued at $990,000 after buying an additional 9,371 shares during the last quarter. Royal Bank of Canada boosted its stake in Franklin Senior Loan ETF by 226.6% during the first quarter. Royal Bank of Canada now owns 334,835 shares of the company’s stock worth $7,700,000 after buying an additional 232,329 shares in the last quarter. Sei Investments Co. grew its position in Franklin Senior Loan ETF by 18.1% during the 1st quarter. Sei Investments Co. now owns 32,763 shares of the company’s stock worth $754,000 after acquiring an additional 5,010 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Franklin Senior Loan ETF by 5,905.2% in the first quarter. PNC Financial Services Group Inc. now owns 98,545 shares of the company’s stock valued at $2,267,000 after buying an additional 96,904 shares during the last quarter.

Franklin Senior Loan ETF Company Profile

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.