Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Increase in Short Interest

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 115,350 shares, a growth of 83.5% from the December 15th total of 62,857 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 41,538 shares, the days-to-cover ratio is currently 2.8 days. Based on an average trading volume of 41,538 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of Franklin Investment Grade Corporate ETF

Several large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its position in Franklin Investment Grade Corporate ETF by 5.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 5,110,382 shares of the company’s stock worth $110,308,000 after acquiring an additional 277,363 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Franklin Investment Grade Corporate ETF by 20.9% during the third quarter. Benjamin Edwards Inc. now owns 278,192 shares of the company’s stock valued at $6,087,000 after purchasing an additional 48,138 shares during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Franklin Investment Grade Corporate ETF during the second quarter worth $109,000. Franklin Resources Inc. boosted its stake in shares of Franklin Investment Grade Corporate ETF by 7.1% in the second quarter. Franklin Resources Inc. now owns 15,744,173 shares of the company’s stock valued at $339,838,000 after purchasing an additional 1,041,806 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Franklin Investment Grade Corporate ETF by 22.5% in the second quarter. Envestnet Asset Management Inc. now owns 187,734 shares of the company’s stock valued at $4,052,000 after purchasing an additional 34,458 shares during the period.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA FLCO traded down $0.02 during midday trading on Thursday, hitting $21.74. The stock had a trading volume of 35,116 shares, compared to its average volume of 79,599. Franklin Investment Grade Corporate ETF has a 1-year low of $20.59 and a 1-year high of $22.10. The company has a fifty day moving average price of $21.72 and a 200 day moving average price of $21.70.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.