Short Interest in Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Grows By 256.1%

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 47,214 shares, an increase of 256.1% from the July 30th total of 13,260 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 81,751 shares, the days-to-cover ratio is currently 0.6 days.

Franklin U.S. Treasury Bond ETF Trading Down 0.3%

Shares of NYSEARCA:FLGV traded down $0.06 during midday trading on Friday, reaching $19.97. 50,021 shares of the company’s stock traded hands, compared to its average volume of 129,930. The company has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $20.29. Franklin U.S. Treasury Bond ETF has a 1 year low of $19.91 and a 1 year high of $20.89.

Institutional Trading of Franklin U.S. Treasury Bond ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Franklin U.S. Treasury Bond ETF by 5.0% during the third quarter. Bank of America Corp DE now owns 5,461,509 shares of the company’s stock worth $112,726,000 after purchasing an additional 262,232 shares in the last quarter. MGO One Seven LLC raised its stake in Franklin U.S. Treasury Bond ETF by 1,144.5% in the 4th quarter. MGO One Seven LLC now owns 191,264 shares of the company’s stock valued at $3,925,000 after purchasing an additional 175,895 shares during the last quarter. Cetera Investment Advisers raised its stake in Franklin U.S. Treasury Bond ETF by 49.4% in the 4th quarter. Cetera Investment Advisers now owns 516,521 shares of the company’s stock valued at $10,599,000 after purchasing an additional 170,887 shares during the last quarter. LPL Financial LLC lifted its holdings in Franklin U.S. Treasury Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 643,340 shares of the company’s stock valued at $13,201,000 after purchasing an additional 129,546 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Franklin U.S. Treasury Bond ETF by 637.7% in the 3rd quarter. Citadel Advisors LLC now owns 144,752 shares of the company’s stock valued at $2,988,000 after purchasing an additional 125,129 shares in the last quarter.

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.