Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Large Increase in Short Interest

by · The Cerbat Gem

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 82,103 shares, an increase of 428.2% from the April 30th total of 15,545 shares. Based on an average daily volume of 66,528 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

Institutional investors have recently modified their holdings of the business. Assetmark Inc. acquired a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $27,000. Foundations Investment Advisors LLC acquired a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $244,000. JPMorgan Chase & Co. increased its holdings in shares of Franklin U.S. Treasury Bond ETF by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after acquiring an additional 3,486 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $287,000. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at $371,000.

Franklin U.S. Treasury Bond ETF Stock Up 0.1%

FLGV stock traded up $0.03 during midday trading on Thursday, reaching $20.28. 47,462 shares of the company were exchanged, compared to its average volume of 138,308. Franklin U.S. Treasury Bond ETF has a 1-year low of $19.96 and a 1-year high of $21.30. The stock’s 50-day simple moving average is $20.34 and its 200 day simple moving average is $20.51.

Franklin U.S. Treasury Bond ETF Company Profile

(Get Free Report)

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.

Further Reading