Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Drops By 43.4%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 30,922 shares, a decrease of 43.4% from the June 15th total of 54,625 shares. Based on an average daily trading volume, of 579,036 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLUD. Cetera Investment Advisers acquired a new position in Franklin Ultra Short Bond ETF during the fourth quarter valued at approximately $211,000. Janney Montgomery Scott LLC bought a new stake in Franklin Ultra Short Bond ETF in the first quarter valued at approximately $355,000. CacheTech Inc. acquired a new stake in Franklin Ultra Short Bond ETF in the fourth quarter worth $739,000. Jane Street Group LLC raised its holdings in Franklin Ultra Short Bond ETF by 105.6% in the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after purchasing an additional 16,529 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of Franklin Ultra Short Bond ETF by 40.7% during the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock worth $824,000 after purchasing an additional 9,491 shares in the last quarter.

Franklin Ultra Short Bond ETF Price Performance

FLUD traded up $0.01 during midday trading on Thursday, reaching $25.01. 20,304 shares of the company were exchanged, compared to its average volume of 184,522. Franklin Ultra Short Bond ETF has a one year low of $24.85 and a one year high of $26.07. The stock’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $25.00.

Franklin Ultra Short Bond ETF Company Profile

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.