Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Sees Large Growth in Short Interest

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 13,507 shares, an increase of 2,492.5% from the November 30th total of 521 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 33,447 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 33,447 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of Franklin Liberty Short Duration US Government ETF

Hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Franklin Liberty Short Duration US Government ETF by 0.6% in the 2nd quarter. Franklin Resources Inc. now owns 315,369 shares of the company’s stock valued at $28,661,000 after buying an additional 1,900 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Franklin Liberty Short Duration US Government ETF by 183.7% during the third quarter. Integrated Wealth Concepts LLC now owns 102,504 shares of the company’s stock worth $9,334,000 after buying an additional 66,373 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Franklin Liberty Short Duration US Government ETF by 1.9% in the third quarter. Bank of America Corp DE now owns 92,550 shares of the company’s stock valued at $8,428,000 after acquiring an additional 1,708 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Franklin Liberty Short Duration US Government ETF in the third quarter valued at about $6,984,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Franklin Liberty Short Duration US Government ETF by 1,286.1% in the first quarter. Jones Financial Companies Lllp now owns 76,155 shares of the company’s stock valued at $6,913,000 after acquiring an additional 70,661 shares in the last quarter.

Franklin Liberty Short Duration US Government ETF Stock Up 0.2%

FTSD traded up $0.21 on Wednesday, reaching $90.94. The company had a trading volume of 65,947 shares, compared to its average volume of 30,846. Franklin Liberty Short Duration US Government ETF has a fifty-two week low of $89.41 and a fifty-two week high of $93.47. The company’s fifty day moving average is $90.97 and its 200 day moving average is $90.84.

About Franklin Liberty Short Duration US Government ETF

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.