Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Grows By 102.4%
by Doug Wharley · The Cerbat GemFranklin Ultra Short Bond ETF (NYSEARCA:FLUD – Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 18,677 shares, a growth of 102.4% from the March 15th total of 9,230 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 75,345 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers purchased a new position in Franklin Ultra Short Bond ETF in the fourth quarter worth approximately $211,000. Citadel Advisors LLC grew its position in Franklin Ultra Short Bond ETF by 40.7% in the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock worth $824,000 after acquiring an additional 9,491 shares during the period. Jane Street Group LLC grew its position in Franklin Ultra Short Bond ETF by 105.6% in the second quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after acquiring an additional 16,529 shares during the period. CacheTech Inc. purchased a new position in Franklin Ultra Short Bond ETF in the fourth quarter worth approximately $739,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Franklin Ultra Short Bond ETF in the fourth quarter worth approximately $893,000.
Franklin Ultra Short Bond ETF Trading Up 0.0%
Franklin Ultra Short Bond ETF stock traded up $0.01 during mid-day trading on Friday, hitting $25.00. The company’s stock had a trading volume of 25,600 shares, compared to its average volume of 92,768. Franklin Ultra Short Bond ETF has a 1 year low of $24.46 and a 1 year high of $26.70. The stock’s fifty day moving average is $25.01 and its two-hundred day moving average is $25.03.
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.