Franklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,476 shares, a drop of 67.9% from the September 30th total of 23,315 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 290,024 shares, the short-interest ratio is currently 0.0 days.
Franklin Ultra Short Bond ETF Price Performance
Shares of NYSEARCA:FLUD traded up $0.04 during trading on Friday, hitting $25.04. The company’s stock had a trading volume of 144,588 shares, compared to its average volume of 174,270. The company has a 50-day moving average of $24.95 and a 200-day moving average of $24.99. Franklin Ultra Short Bond ETF has a 12 month low of $24.84 and a 12 month high of $25.18.
Institutional Trading of Franklin Ultra Short Bond ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GK Wealth Management LLC bought a new position in Franklin Ultra Short Bond ETF in the 3rd quarter worth $26,000. Janney Montgomery Scott LLC bought a new stake in Franklin Ultra Short Bond ETF during the first quarter valued at about $355,000. Flagship Harbor Advisors LLC purchased a new stake in Franklin Ultra Short Bond ETF in the third quarter worth about $383,000. Cetera Investment Advisers increased its position in Franklin Ultra Short Bond ETF by 181.9% in the first quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock worth $595,000 after buying an additional 15,345 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in Franklin Ultra Short Bond ETF by 78.3% in the second quarter. Citadel Advisors LLC now owns 44,527 shares of the company’s stock worth $1,115,000 after buying an additional 19,552 shares in the last quarter.
About Franklin Ultra Short Bond ETF
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.
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