Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Increase in Short Interest

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 104,841 shares, a growth of 33.3% from the February 12th total of 78,622 shares. Based on an average trading volume of 129,482 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 129,482 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Large investors have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Franklin Investment Grade Corporate ETF by 7.1% during the second quarter. Franklin Resources Inc. now owns 15,744,173 shares of the company’s stock valued at $339,838,000 after acquiring an additional 1,041,806 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Franklin Investment Grade Corporate ETF by 3.5% in the 4th quarter. Hantz Financial Services Inc. now owns 5,369,885 shares of the company’s stock worth $116,258,000 after purchasing an additional 181,499 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Franklin Investment Grade Corporate ETF by 151.4% in the 3rd quarter. Citadel Advisors LLC now owns 206,417 shares of the company’s stock valued at $4,516,000 after purchasing an additional 124,317 shares during the period. Sequent Planning LLC purchased a new position in shares of Franklin Investment Grade Corporate ETF during the 3rd quarter valued at $2,301,000. Finally, Sanctuary Advisors LLC grew its position in shares of Franklin Investment Grade Corporate ETF by 36.4% during the 4th quarter. Sanctuary Advisors LLC now owns 380,169 shares of the company’s stock valued at $8,231,000 after purchasing an additional 101,398 shares in the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA:FLCO traded down $0.05 during midday trading on Friday, reaching $21.30. 842,857 shares of the company traded hands, compared to its average volume of 147,250. The firm’s fifty day moving average price is $21.71 and its two-hundred day moving average price is $21.77. Franklin Investment Grade Corporate ETF has a 12 month low of $20.59 and a 12 month high of $22.10.

Franklin Investment Grade Corporate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0726 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

About Franklin Investment Grade Corporate ETF

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.