Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Decreases By 91.4%
by Renee Jackson · The Cerbat GemFranklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,653 shares, a decrease of 91.4% from the June 30th total of 30,922 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 375,989 shares, the short-interest ratio is presently 0.0 days.
Franklin Ultra Short Bond ETF Stock Up 0.0%
FLUD traded up $0.01 on Friday, hitting $25.01. 84,068 shares of the company’s stock traded hands, compared to its average volume of 178,683. The company’s 50 day simple moving average is $24.99 and its 200-day simple moving average is $25.00. Franklin Ultra Short Bond ETF has a one year low of $24.85 and a one year high of $26.07.
Institutional Investors Weigh In On Franklin Ultra Short Bond ETF
Institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC bought a new stake in shares of Franklin Ultra Short Bond ETF during the first quarter valued at approximately $5,378,000. LPL Financial LLC boosted its position in shares of Franklin Ultra Short Bond ETF by 57.3% during the fourth quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock worth $4,397,000 after acquiring an additional 64,095 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Franklin Ultra Short Bond ETF by 713.9% during the fourth quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock worth $4,291,000 after acquiring an additional 150,627 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Franklin Ultra Short Bond ETF during the fourth quarter valued at $999,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Franklin Ultra Short Bond ETF during the fourth quarter valued at $893,000.
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.