Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Significant Drop in Short Interest
by Teresa Graham · The Cerbat GemFranklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 22,646 shares, a decrease of 72.4% from the May 14th total of 82,103 shares. Based on an average daily trading volume, of 274,479 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Franklin U.S. Treasury Bond ETF Trading Up 0.5%
Shares of NYSEARCA FLGV traded up $0.11 during mid-day trading on Thursday, hitting $20.25. The company had a trading volume of 53,479 shares, compared to its average volume of 148,966. Franklin U.S. Treasury Bond ETF has a 12 month low of $19.96 and a 12 month high of $21.30. The firm’s 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $20.48.
Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF
Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in shares of Franklin U.S. Treasury Bond ETF by 1,833.0% during the first quarter. NewEdge Advisors LLC now owns 29,363 shares of the company’s stock valued at $604,000 after buying an additional 27,844 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Franklin U.S. Treasury Bond ETF during the 1st quarter worth about $712,000. Bank of America Corp DE raised its position in shares of Franklin U.S. Treasury Bond ETF by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 5,199,277 shares of the company’s stock worth $106,845,000 after buying an additional 64,641 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Franklin U.S. Treasury Bond ETF by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 400,637 shares of the company’s stock valued at $8,269,000 after acquiring an additional 16,582 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Franklin U.S. Treasury Bond ETF by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after purchasing an additional 3,486 shares in the last quarter.
About Franklin U.S. Treasury Bond ETF
The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.