Short Interest in Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Grows By 175.2%

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 48,335 shares, a growth of 175.2% from the February 26th total of 17,562 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 38,336 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 38,336 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.6% of the company’s stock are short sold.

Franklin Liberty Short Duration US Government ETF Price Performance

Shares of NYSEARCA FTSD traded up $0.02 during midday trading on Wednesday, reaching $90.51. The company’s stock had a trading volume of 48,593 shares, compared to its average volume of 32,174. The stock has a 50 day simple moving average of $90.95 and a 200-day simple moving average of $90.96. Franklin Liberty Short Duration US Government ETF has a fifty-two week low of $89.65 and a fifty-two week high of $93.40.

Institutional Investors Weigh In On Franklin Liberty Short Duration US Government ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTSD. PNC Financial Services Group Inc. grew its holdings in shares of Franklin Liberty Short Duration US Government ETF by 891.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 466 shares of the company’s stock valued at $42,000 after acquiring an additional 419 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Franklin Liberty Short Duration US Government ETF during the second quarter worth about $63,000. Ameriflex Group Inc. acquired a new position in Franklin Liberty Short Duration US Government ETF during the third quarter valued at approximately $180,000. Envestnet Asset Management Inc. acquired a new position in Franklin Liberty Short Duration US Government ETF during the second quarter valued at approximately $217,000. Finally, StoneX Group Inc. bought a new position in Franklin Liberty Short Duration US Government ETF in the fourth quarter valued at approximately $224,000.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.