Franklin High Yield Corporate ETF (BATS:FLHY) Sees Significant Increase in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 61,733 shares, an increase of 1,761.7% from the October 15th total of 3,316 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 322,245 shares, the days-to-cover ratio is currently 0.2 days.

Franklin High Yield Corporate ETF Stock Performance

BATS FLHY traded down $0.08 during trading hours on Tuesday, reaching $23.45. 232,657 shares of the company were exchanged, compared to its average volume of 292,506. Franklin High Yield Corporate ETF has a 1 year low of $23.14 and a 1 year high of $24.63. The business’s 50 day simple moving average is $23.59 and its 200-day simple moving average is $24.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. purchased a new stake in Franklin High Yield Corporate ETF in the 3rd quarter worth about $63,833,000. IFG Advisory LLC raised its stake in Franklin High Yield Corporate ETF by 1,601.7% in the 3rd quarter. IFG Advisory LLC now owns 411,957 shares of the company’s stock valued at $9,642,000 after acquiring an additional 387,749 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin High Yield Corporate ETF by 79.2% during the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after purchasing an additional 339,472 shares during the last quarter. Ocean Park Asset Management LLC purchased a new stake in Franklin High Yield Corporate ETF during the second quarter valued at about $7,238,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Franklin High Yield Corporate ETF by 155.3% during the second quarter. Envestnet Asset Management Inc. now owns 362,056 shares of the company’s stock valued at $8,794,000 after purchasing an additional 220,256 shares during the last quarter.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.