Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Down 94.2% in February

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 7,541 shares, a decline of 94.2% from the January 29th total of 130,328 shares. Based on an average trading volume of 47,814 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 47,814 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FGDL. Steward Partners Investment Advisory LLC lifted its holdings in Franklin Responsibly Sourced Gold ETF by 7.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,147 shares of the company’s stock valued at $239,000 after buying an additional 280 shares in the last quarter. Trademark Financial Management LLC increased its position in shares of Franklin Responsibly Sourced Gold ETF by 3.1% during the fourth quarter. Trademark Financial Management LLC now owns 9,696 shares of the company’s stock worth $558,000 after acquiring an additional 289 shares during the period. Horst & Graben Wealth Management LLC raised its stake in shares of Franklin Responsibly Sourced Gold ETF by 2.8% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,452 shares of the company’s stock valued at $775,000 after acquiring an additional 365 shares in the last quarter. Natural Investments LLC boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 3.8% in the fourth quarter. Natural Investments LLC now owns 10,101 shares of the company’s stock valued at $581,000 after purchasing an additional 373 shares during the period. Finally, Brookstone Capital Management boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 6.6% in the fourth quarter. Brookstone Capital Management now owns 6,202 shares of the company’s stock valued at $357,000 after purchasing an additional 383 shares during the period.

Franklin Responsibly Sourced Gold ETF Stock Performance

FGDL stock traded down $0.01 during midday trading on Wednesday, reaching $68.77. The company’s stock had a trading volume of 53,335 shares, compared to its average volume of 71,371. The stock has a fifty day simple moving average of $63.51 and a two-hundred day simple moving average of $55.97. Franklin Responsibly Sourced Gold ETF has a 1 year low of $37.79 and a 1 year high of $74.24.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.