Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 7,502 shares, a decline of 51.5% from the April 30th total of 15,463 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 38,053 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Franklin Investment Grade Corporate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Franklin Investment Grade Corporate ETF by 9.4% in the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Franklin Investment Grade Corporate ETF by 19.5% during the second quarter. JPMorgan Chase & Co. now owns 64,390 shares of the company’s stock worth $1,390,000 after purchasing an additional 10,514 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Franklin Investment Grade Corporate ETF by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 93,218 shares of the company’s stock valued at $2,011,000 after buying an additional 3,745 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Franklin Investment Grade Corporate ETF by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 942,629 shares of the company’s stock worth $20,347,000 after acquiring an additional 66,524 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 70.7% in the second quarter. MML Investors Services LLC now owns 62,574 shares of the company’s stock valued at $1,351,000 after acquiring an additional 25,925 shares in the last quarter.

Franklin Investment Grade Corporate ETF Price Performance

Shares of FLCO traded down $0.09 during trading on Monday, reaching $21.39. 35,618 shares of the company traded hands, compared to its average volume of 105,043. The stock has a 50-day simple moving average of $21.40 and a 200-day simple moving average of $21.60. Franklin Investment Grade Corporate ETF has a twelve month low of $21.08 and a twelve month high of $22.10.

Franklin Investment Grade Corporate ETF Company Profile

(Get Free Report)

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.

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