Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Short Interest Up 83.5% in December

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 115,350 shares, a growth of 83.5% from the December 15th total of 62,857 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 41,538 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 41,538 shares, the short-interest ratio is presently 2.8 days. Currently, 0.5% of the company’s stock are sold short.

Franklin Investment Grade Corporate ETF Stock Down 0.3%

Franklin Investment Grade Corporate ETF stock traded down $0.06 during midday trading on Friday, reaching $21.68. The stock had a trading volume of 38,576 shares, compared to its average volume of 75,934. The firm’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $21.71. Franklin Investment Grade Corporate ETF has a 1-year low of $20.59 and a 1-year high of $22.10.

Institutional Trading of Franklin Investment Grade Corporate ETF

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Franklin Investment Grade Corporate ETF by 21.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $58,000 after purchasing an additional 463 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Franklin Investment Grade Corporate ETF in the second quarter valued at about $109,000. Brooklyn Investment Group increased its position in shares of Franklin Investment Grade Corporate ETF by 433.7% in the third quarter. Brooklyn Investment Group now owns 19,204 shares of the company’s stock valued at $420,000 after acquiring an additional 15,606 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Franklin Investment Grade Corporate ETF by 2.6% during the second quarter. Osaic Holdings Inc. now owns 21,471 shares of the company’s stock worth $463,000 after acquiring an additional 553 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Franklin Investment Grade Corporate ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 25,625 shares of the company’s stock valued at $553,000 after purchasing an additional 2,203 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.