Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Increases By 198.8%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 62,857 shares, an increase of 198.8% from the November 30th total of 21,036 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 56,739 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 56,739 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the shares of the stock are sold short.

Franklin Investment Grade Corporate ETF Stock Performance

Shares of Franklin Investment Grade Corporate ETF stock traded down $0.02 during trading hours on Friday, reaching $21.68. The company’s stock had a trading volume of 18,729 shares, compared to its average volume of 77,154. Franklin Investment Grade Corporate ETF has a one year low of $20.59 and a one year high of $22.10. The firm has a 50 day moving average price of $21.79 and a 200-day moving average price of $21.67.

Institutional Trading of Franklin Investment Grade Corporate ETF

A number of institutional investors have recently bought and sold shares of FLCO. Envestnet Asset Management Inc. increased its position in Franklin Investment Grade Corporate ETF by 22.5% during the second quarter. Envestnet Asset Management Inc. now owns 187,734 shares of the company’s stock valued at $4,052,000 after acquiring an additional 34,458 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 5.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 5,110,382 shares of the company’s stock worth $110,308,000 after acquiring an additional 277,363 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Franklin Investment Grade Corporate ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock worth $553,000 after purchasing an additional 2,203 shares during the period. TD Waterhouse Canada Inc. purchased a new position in shares of Franklin Investment Grade Corporate ETF during the 2nd quarter worth about $109,000. Finally, JPMorgan Chase & Co. grew its holdings in Franklin Investment Grade Corporate ETF by 19.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 64,390 shares of the company’s stock valued at $1,390,000 after purchasing an additional 10,514 shares during the last quarter.

About Franklin Investment Grade Corporate ETF

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.