Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Shares Shorted: Short Interest Up 166.5% in October

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 19,921 shares, a growth of 166.5% from the October 15th total of 7,476 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 172,409 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new position in Franklin Ultra Short Bond ETF during the 3rd quarter worth approximately $1,775,000. Citadel Advisors LLC lifted its holdings in shares of 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 valued at $1,115,000 after purchasing an additional 19,552 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of 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 valued at $595,000 after purchasing an additional 15,345 shares in the last quarter. IFG Advisory LLC boosted its position in shares of Franklin Ultra Short Bond ETF by 60.0% in the third quarter. IFG Advisory LLC now owns 16,000 shares of the company’s stock worth $400,000 after buying an additional 6,000 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Franklin Ultra Short Bond ETF in the third quarter worth $393,000.

Franklin Ultra Short Bond ETF Price Performance

Shares of NYSEARCA FLUD opened at $24.93 on Friday. Franklin Ultra Short Bond ETF has a 12-month low of $24.84 and a 12-month high of $25.18. The stock’s 50 day simple moving average is $24.94 and its 200 day simple moving average is $24.98.

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.