Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Short Interest Down 67.2% in May

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,454 shares, a decrease of 67.2% from the April 30th total of 7,485 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,908 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Franklin Liberty Short Duration US Government ETF

Several hedge funds have recently modified their holdings of the stock. Gateway Wealth Partners LLC increased its holdings in shares of Franklin Liberty Short Duration US Government ETF by 239.0% in the first quarter. Gateway Wealth Partners LLC now owns 14,476 shares of the company’s stock valued at $1,314,000 after purchasing an additional 10,206 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Franklin Liberty Short Duration US Government ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 28,741 shares of the company’s stock worth $2,609,000 after buying an additional 3,385 shares in the last quarter. D.A. Davidson & CO. boosted its position 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 buying an additional 349 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Franklin Liberty Short Duration US Government ETF by 4.9% in the 1st quarter. Sanctuary Advisors LLC now owns 15,639 shares of the company’s stock valued at $1,420,000 after buying an additional 732 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Franklin Liberty Short Duration US Government ETF by 75.5% in the 1st quarter. Kestra Advisory Services LLC now owns 4,806 shares of the company’s stock valued at $436,000 after buying an additional 2,067 shares during the period.

Franklin Liberty Short Duration US Government ETF Price Performance

Shares of NYSEARCA:FTSD opened at $90.51 on Monday. Franklin Liberty Short Duration US Government ETF has a 12 month low of $89.65 and a 12 month high of $91.51. The company’s 50-day moving average price is $90.53 and its two-hundred day moving average price is $90.82.

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.