Franklin Senior Loan ETF (BATS:FLBL) Shares Shorted: Short Interest Down 51.1% in September

Franklin Senior Loan ETF (BATS:FLBL) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 191,806 shares, a decrease of 51.1% from the August 31st total of 392,251 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 331,263 shares, the days-to-cover ratio is currently 0.6 days.

Franklin Senior Loan ETF Price Performance

FLBL stock opened at $23.01 on Wednesday. Franklin Senior Loan ETF has a one year low of $22.57 and a one year high of $24.05. The company’s 50 day moving average price is $23.05 and its two-hundred day moving average price is $22.99.

Hedge Funds Weigh In On Franklin Senior Loan ETF

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in Franklin Senior Loan ETF by 655.5% during the first quarter. Bank of New York Mellon Corp now owns 1,933,014 shares of the company’s stock valued at $44,459,000 after buying an additional 1,677,153 shares during the period. SHP Wealth Management bought a new stake in shares of Franklin Senior Loan ETF in the 4th quarter valued at about $27,713,000. Assetmark Inc. boosted its holdings in Franklin Senior Loan ETF by 19.4% during the 1st quarter. Assetmark Inc. now owns 435,364 shares of the company’s stock valued at $10,013,000 after acquiring an additional 70,667 shares during the period. DORVAL Corp grew its position in Franklin Senior Loan ETF by 2.3% during the 2nd quarter. DORVAL Corp now owns 346,058 shares of the company’s stock worth $7,932,000 after acquiring an additional 7,830 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Franklin Senior Loan ETF by 226.6% in the 1st quarter. Royal Bank of Canada now owns 334,835 shares of the company’s stock worth $7,700,000 after purchasing an additional 232,329 shares during the period.

About Franklin Senior Loan ETF

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.