Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Up 453.2% in July

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,457 shares, an increase of 453.2% from the July 15th total of 2,071 shares. Based on an average daily volume of 18,257 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new position in Franklin Responsibly Sourced Gold ETF during the 4th quarter worth $27,000. Cornerstone Planning Group LLC increased its stake in shares of Franklin Responsibly Sourced Gold ETF by 2,359.1% in the first quarter. Cornerstone Planning Group LLC now owns 541 shares of the company’s stock worth $33,000 after purchasing an additional 519 shares during the period. Advisory Services Network LLC bought a new position in shares of Franklin Responsibly Sourced Gold ETF in the third quarter worth about $33,000. Raymond James Financial Inc. acquired a new position in shares of Franklin Responsibly Sourced Gold ETF during the 2nd quarter worth about $35,000. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Franklin Responsibly Sourced Gold ETF by 255.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the last quarter.

Franklin Responsibly Sourced Gold ETF Trading Up 1.1%

FGDL stock traded up $0.63 during midday trading on Wednesday, hitting $58.81. 5,904 shares of the company traded hands, compared to its average volume of 50,430. Franklin Responsibly Sourced Gold ETF has a twelve month low of $44.20 and a twelve month high of $74.24. The business has a 50 day simple moving average of $55.21 and a 200-day simple moving average of $60.98.

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.