Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Shares Shorted: Short Interest Down 67.9% in October

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,476 shares, a decline of 67.9% from the September 30th total of 23,315 shares. Based on an average daily trading volume, of 290,024 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC raised its stake in Franklin Ultra Short Bond ETF by 78.3% in the second quarter. Citadel Advisors LLC now owns 44,527 shares of the company’s stock valued at $1,115,000 after purchasing an additional 19,552 shares in the last quarter. Cetera Investment Advisers lifted its position in Franklin Ultra Short Bond ETF by 181.9% during the first quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock valued at $595,000 after purchasing an additional 15,345 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Franklin Ultra Short Bond ETF during the third quarter valued at approximately $383,000. Janney Montgomery Scott LLC purchased a new position in Franklin Ultra Short Bond ETF in the 1st quarter worth approximately $355,000. Finally, GK Wealth Management LLC purchased a new position in Franklin Ultra Short Bond ETF in the 3rd quarter worth approximately $26,000.

Franklin Ultra Short Bond ETF Price Performance

NYSEARCA FLUD traded up $0.01 during trading on Thursday, reaching $25.00. The company’s stock had a trading volume of 252,049 shares, compared to its average volume of 174,413. The firm has a fifty day moving average of $24.95 and a 200 day moving average of $24.99. Franklin Ultra Short Bond ETF has a one year low of $24.84 and a one year high of $25.19.

Franklin Ultra Short Bond ETF Company Profile

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.