Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Stock Short Interest Drops 46.7%

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 26,107 shares, a decline of 46.7% from the September 30th total of 48,978 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 255,899 shares, the days-to-cover ratio is currently 0.1 days.

Franklin U.S. Treasury Bond ETF Stock Up 0.4%

Shares of FLGV stock traded up $0.07 during mid-day trading on Friday, hitting $19.83. The stock had a trading volume of 492,562 shares, compared to its average volume of 180,851. The company’s 50-day simple moving average is $19.68 and its 200-day simple moving average is $20.16. Franklin U.S. Treasury Bond ETF has a fifty-two week low of $19.33 and a fifty-two week high of $20.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Latitude Advisors LLC acquired a new position in Franklin U.S. Treasury Bond ETF during the third quarter valued at approximately $168,000. Gilpin Wealth Management LLC increased its position in shares of Franklin U.S. Treasury Bond ETF by 332.2% in the third quarter. Gilpin Wealth Management LLC now owns 9,379 shares of the company’s stock worth $182,000 after acquiring an additional 7,209 shares in the last quarter. Encompass More Asset Management increased its position in shares of Franklin U.S. Treasury Bond ETF by 10.6% in the third quarter. Encompass More Asset Management now owns 23,026 shares of the company’s stock worth $447,000 after acquiring an additional 2,199 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after acquiring an additional 794 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in shares of Franklin U.S. Treasury Bond ETF in the 1st quarter valued at $555,000.

About Franklin U.S. Treasury Bond ETF

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.