Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Short Interest Up 174.4% in May

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,734 shares, a growth of 174.4% from the May 14th total of 2,454 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 15,516 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Gateway Wealth Partners LLC increased its holdings in shares of Franklin Liberty Short Duration US Government ETF by 239.0% during the first quarter. Gateway Wealth Partners LLC now owns 14,476 shares of the company’s stock worth $1,314,000 after purchasing an additional 10,206 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 28,741 shares of the company’s stock worth $2,609,000 after purchasing an additional 3,385 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 1.9% during the first quarter. D.A. Davidson & CO. now owns 18,947 shares of the company’s stock worth $1,720,000 after purchasing an additional 349 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 4.9% during the first quarter. Sanctuary Advisors LLC now owns 15,639 shares of the company’s stock worth $1,420,000 after purchasing an additional 732 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in Franklin Liberty Short Duration US Government ETF by 75.5% in the first quarter. Kestra Advisory Services LLC now owns 4,806 shares of the company’s stock valued at $436,000 after buying an additional 2,067 shares during the period.

Franklin Liberty Short Duration US Government ETF Trading Down 0.1%

FTSD stock traded down $0.06 during mid-day trading on Friday, hitting $90.24. 23,866 shares of the company were exchanged, compared to its average volume of 25,975. Franklin Liberty Short Duration US Government ETF has a 1-year low of $89.65 and a 1-year high of $91.51. The business has a 50 day simple moving average of $90.45 and a 200-day simple moving average of $90.77.

About Franklin Liberty Short Duration US Government ETF

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.