Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Update

by · The Cerbat Gem

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 62,857 shares, an increase of 198.8% from the November 30th total of 21,036 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 56,739 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 56,739 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

Franklin Investment Grade Corporate ETF Stock Performance

NYSEARCA:FLCO remained flat at $21.69 during midday trading on Friday. The company had a trading volume of 20,385 shares, compared to its average volume of 77,160. The firm has a 50-day moving average price of $21.78 and a two-hundred day moving average price of $21.67. Franklin Investment Grade Corporate ETF has a one year low of $20.59 and a one year high of $22.10.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in Franklin Investment Grade Corporate ETF by 21.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after purchasing an additional 463 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Franklin Investment Grade Corporate ETF by 2.6% during the second quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock valued at $463,000 after buying an additional 553 shares during the period. Cetera Investment Advisers boosted its position in shares of Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after buying an additional 2,203 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Franklin Investment Grade Corporate ETF by 4.2% during the second quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock valued at $2,011,000 after buying an additional 3,745 shares during the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Franklin Investment Grade Corporate ETF in the second quarter worth approximately $109,000.

Franklin Investment Grade Corporate ETF Company Profile

(Get Free Report)

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.

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