Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Declines By 77.3%

Franklin High Yield Corporate ETF (BATS:FLHY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 14,762 shares, a drop of 77.3% from the June 30th total of 65,158 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 299,767 shares, the short-interest ratio is currently 0.0 days.

Franklin High Yield Corporate ETF Price Performance

Shares of FLHY stock opened at $24.06 on Monday. The company’s fifty day simple moving average is $24.22 and its two-hundred day simple moving average is $24.32. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

Large investors have recently modified their holdings of the company. Diversify Advisory Services LLC bought a new position in Franklin High Yield Corporate ETF in the 4th quarter worth about $1,170,000. Assetmark Inc. raised its stake in Franklin High Yield Corporate ETF by 5.4% in the fourth quarter. Assetmark Inc. now owns 832,848 shares of the company’s stock valued at $20,334,000 after purchasing an additional 42,330 shares in the last quarter. CWM LLC lifted its position in Franklin High Yield Corporate ETF by 74.6% during the fourth quarter. CWM LLC now owns 68,856 shares of the company’s stock valued at $1,681,000 after purchasing an additional 29,414 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in Franklin High Yield Corporate ETF in the 4th quarter worth approximately $590,000. Finally, Tenzing Financial LLC bought a new position in shares of Franklin High Yield Corporate ETF in the 4th quarter worth $991,000.

Franklin High Yield Corporate ETF Company Profile

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.