Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Up 131.9% in December

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 14,795 shares, a growth of 131.9% from the December 15th total of 6,381 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 32,233 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 32,233 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Franklin Ultra Short Bond ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in shares of Franklin Ultra Short Bond ETF by 105.6% during the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after buying an additional 16,529 shares during the last quarter. Citadel Advisors LLC raised its holdings in Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after acquiring an additional 9,491 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Franklin Ultra Short Bond ETF during the fourth quarter worth approximately $893,000. Royal Bank of Canada acquired a new stake in Franklin Ultra Short Bond ETF during the first quarter worth approximately $973,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Franklin Ultra Short Bond ETF by 49.9% during the second quarter. Franklin Resources Inc. now owns 5,671,900 shares of the company’s stock worth $142,024,000 after acquiring an additional 1,889,100 shares during the period.

Franklin Ultra Short Bond ETF Stock Down 0.1%

FLUD traded down $0.03 during trading hours on Thursday, reaching $25.03. The company’s stock had a trading volume of 42,026 shares, compared to its average volume of 51,213. The company’s 50-day moving average is $25.01 and its 200-day moving average is $25.02. Franklin Ultra Short Bond ETF has a 52 week low of $24.46 and a 52 week high of $26.70.

About Franklin Ultra Short Bond ETF

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.