Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Update
by Michael Walen · The Markets DailyFranklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 615 shares, an increase of 2,695.5% from the March 15th total of 22 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 71,081 shares, the short-interest ratio is presently 0.0 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new stake in Franklin Responsibly Sourced Gold ETF during the 3rd quarter worth $38,331,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF in the third quarter valued at about $8,333,000. JPMorgan Chase & Co. acquired a new stake in shares of Franklin Responsibly Sourced Gold ETF in the third quarter valued at about $5,357,000. Park Avenue Securities LLC purchased a new position in shares of Franklin Responsibly Sourced Gold ETF in the third quarter worth about $3,042,000. Finally, CWM LLC purchased a new position in shares of Franklin Responsibly Sourced Gold ETF in the third quarter worth about $2,275,000.
Franklin Responsibly Sourced Gold ETF Stock Performance
Shares of NYSEARCA:FGDL traded down $0.03 during trading on Friday, reaching $63.37. The stock had a trading volume of 33,069 shares, compared to its average volume of 86,016. The business has a fifty day moving average price of $65.28 and a 200-day moving average price of $59.76. Franklin Responsibly Sourced Gold ETF has a 1-year low of $42.27 and a 1-year high of $74.24.
Franklin Responsibly Sourced Gold ETF Company Profile
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.