Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Increase in Short Interest

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 82,103 shares, an increase of 428.2% from the April 30th total of 15,545 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 66,528 shares, the short-interest ratio is currently 1.2 days.

Franklin U.S. Treasury Bond ETF Price Performance

Shares of Franklin U.S. Treasury Bond ETF stock traded up $0.03 during trading on Thursday, hitting $20.28. 47,462 shares of the stock were exchanged, compared to its average volume of 138,308. The firm’s 50-day moving average price is $20.34 and its 200 day moving average price is $20.51. Franklin U.S. Treasury Bond ETF has a 12-month low of $19.96 and a 12-month high of $21.30.

Institutional Trading of Franklin U.S. Treasury Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Franklin U.S. Treasury Bond ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after purchasing an additional 107,211 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Franklin U.S. Treasury Bond ETF by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,179,614 shares of the company’s stock worth $44,726,000 after purchasing an additional 61,654 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Franklin U.S. Treasury Bond ETF by 3.0% during the fourth quarter. Osaic Holdings Inc. now owns 2,055,607 shares of the company’s stock worth $42,181,000 after purchasing an additional 60,028 shares in the last quarter. Flaharty Asset Management LLC raised its holdings in Franklin U.S. Treasury Bond ETF by 2.9% during the fourth quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock worth $28,253,000 after purchasing an additional 38,700 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Franklin U.S. Treasury Bond ETF by 25.2% during the fourth quarter. LPL Financial LLC now owns 643,340 shares of the company’s stock worth $13,201,000 after purchasing an additional 129,546 shares in the last quarter.

Franklin U.S. Treasury Bond ETF Company Profile

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.