Short Interest in Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Decreases By 60.7%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,498 shares, a drop of 60.7% from the July 30th total of 11,457 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,364 shares, the short-interest ratio is presently 0.3 days.

Franklin Responsibly Sourced Gold ETF Price Performance

NYSEARCA FGDL traded down $1.92 during trading hours on Friday, hitting $59.41. 20,469 shares of the company were exchanged, compared to its average volume of 48,386. The company has a 50 day moving average of $55.98 and a two-hundred day moving average of $60.40. Franklin Responsibly Sourced Gold ETF has a 52-week low of $45.64 and a 52-week high of $74.24.

Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF

Several large investors have recently bought and sold shares of FGDL. Mason & Associates Inc lifted its holdings in Franklin Responsibly Sourced Gold ETF by 3.1% during the 2nd quarter. Mason & Associates Inc now owns 8,987 shares of the company’s stock worth $480,000 after buying an additional 272 shares during the last quarter. MRA Advisory Group increased its holdings in shares of Franklin Responsibly Sourced Gold ETF by 5.4% in the 2nd quarter. MRA Advisory Group now owns 4,658 shares of the company’s stock valued at $249,000 after acquiring an additional 240 shares during the last quarter. Sonoma Allocations LLC raised its position in shares of Franklin Responsibly Sourced Gold ETF by 28.7% during the 2nd quarter. Sonoma Allocations LLC now owns 8,073 shares of the company’s stock worth $438,000 after acquiring an additional 1,798 shares in the last quarter. Eastern Bank acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 2nd quarter worth about $5,894,000. Finally, Cornerstone Planning Group LLC lifted its stake in Franklin Responsibly Sourced Gold ETF by 2,359.1% during 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 last quarter.

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.