Short Interest in Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Decreases By 71.4%

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 8,687 shares, a decline of 71.4% from the August 15th total of 30,370 shares. Based on an average daily volume of 17,217 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Franklin Liberty Short Duration US Government ETF

Several institutional investors and hedge funds have recently made changes to their positions in FTSD. Royal Bank of Canada boosted its stake in shares of Franklin Liberty Short Duration US Government ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock valued at $1,483,000 after acquiring an additional 225 shares during the last quarter. World Investment Advisors raised its stake in Franklin Liberty Short Duration US Government ETF by 7.3% in the 4th quarter. World Investment Advisors now owns 3,578 shares of the company’s stock valued at $326,000 after purchasing an additional 244 shares during the last quarter. Continuum Advisory LLC purchased a new position in Franklin Liberty Short Duration US Government ETF in the 2nd quarter valued at about $29,000. Asset Allocation Strategies LLC lifted its holdings in Franklin Liberty Short Duration US Government ETF by 6.7% in the 2nd quarter. Asset Allocation Strategies LLC now owns 5,159 shares of the company’s stock valued at $467,000 after purchasing an additional 323 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Franklin Liberty Short Duration US Government ETF by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 18,947 shares of the company’s stock valued at $1,720,000 after purchasing an additional 349 shares in the last quarter.

Franklin Liberty Short Duration US Government ETF Price Performance

NYSEARCA:FTSD traded down $0.11 during trading hours on Friday, reaching $89.42. 9,012 shares of the company traded hands, compared to its average volume of 27,208. The firm’s 50-day moving average is $90.02 and its 200-day moving average is $90.35. Franklin Liberty Short Duration US Government ETF has a 1-year low of $89.33 and a 1-year high of $91.51.

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.