Short Interest in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Declines By 85.9%
by Scott Moore · The Cerbat GemFranklin U.S. Core Bond ETF (NYSEARCA:FLCB – Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 6,400 shares, a decrease of 85.9% from the December 15th total of 45,543 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 309,452 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 309,452 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Franklin U.S. Core Bond ETF Stock Performance
Shares of NYSEARCA FLCB traded down $0.03 during trading on Monday, reaching $21.66. The company had a trading volume of 266,332 shares, compared to its average volume of 546,633. Franklin U.S. Core Bond ETF has a twelve month low of $20.80 and a twelve month high of $21.95. The stock has a 50-day moving average price of $21.68 and a two-hundred day moving average price of $21.62.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLCB. Root Financial Partners LLC purchased a new stake in shares of Franklin U.S. Core Bond ETF during the third quarter worth about $38,000. CWM LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the third quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Franklin U.S. Core Bond ETF during the third quarter worth approximately $52,000. IFP Advisors Inc grew its stake in Franklin U.S. Core Bond ETF by 14.1% in the 2nd quarter. IFP Advisors Inc now owns 7,983 shares of the company’s stock worth $172,000 after acquiring an additional 986 shares during the period. Finally, Truist Financial Corp purchased a new stake in Franklin U.S. Core Bond ETF in the 3rd quarter worth approximately $228,000.
Franklin U.S. Core Bond ETF Company Profile
The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.