Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Sees Large Decline in Short Interest

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,541 shares, a decrease of 94.2% from the January 29th total of 130,328 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 47,814 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 47,814 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FGDL. Steward Partners Investment Advisory LLC boosted its position in shares of Franklin Responsibly Sourced Gold ETF by 7.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,147 shares of the company’s stock valued at $239,000 after acquiring an additional 280 shares during the last quarter. Trademark Financial Management LLC increased its position in Franklin Responsibly Sourced Gold ETF by 3.1% during the fourth quarter. Trademark Financial Management LLC now owns 9,696 shares of the company’s stock worth $558,000 after purchasing an additional 289 shares during the last quarter. Horst & Graben Wealth Management LLC raised its stake in Franklin Responsibly Sourced Gold ETF by 2.8% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,452 shares of the company’s stock worth $775,000 after purchasing an additional 365 shares during the period. Natural Investments LLC boosted its holdings in Franklin Responsibly Sourced Gold ETF by 3.8% in the 4th quarter. Natural Investments LLC now owns 10,101 shares of the company’s stock valued at $581,000 after purchasing an additional 373 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in shares of Franklin Responsibly Sourced Gold ETF by 6.6% in the 4th quarter. Brookstone Capital Management now owns 6,202 shares of the company’s stock valued at $357,000 after buying an additional 383 shares during the period.

Franklin Responsibly Sourced Gold ETF Trading Up 1.3%

Shares of Franklin Responsibly Sourced Gold ETF stock traded up $0.89 on Friday, hitting $70.03. 57,459 shares of the company were exchanged, compared to its average volume of 69,586. The company has a 50-day moving average price of $63.74 and a 200 day moving average price of $56.06. Franklin Responsibly Sourced Gold ETF has a 1-year low of $37.79 and a 1-year high of $74.24.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.