Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Increases By 591.9%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,356 shares, a growth of 591.9% from the July 15th total of 2,653 shares. Based on an average daily volume of 43,749 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Franklin Ultra Short Bond ETF Stock Up 0.1%

Shares of FLUD stock traded up $0.02 on Wednesday, hitting $24.99. 18,038 shares of the stock were exchanged, compared to its average volume of 168,725. The business has a 50-day moving average of $24.99 and a 200 day moving average of $25.00. Franklin Ultra Short Bond ETF has a fifty-two week low of $24.88 and a fifty-two week high of $25.50.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

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

About Franklin Ultra Short Bond ETF

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.