Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Sees Significant Decline in Short Interest

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 7,485 shares, a drop of 35.2% from the April 15th total of 11,548 shares. Based on an average trading volume of 21,118 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Franklin Liberty Short Duration US Government ETF Trading Down 0.1%

Shares of NYSEARCA:FTSD opened at $90.16 on Wednesday. The company’s fifty day moving average price is $90.59 and its 200 day moving average price is $90.85. Franklin Liberty Short Duration US Government ETF has a 12 month low of $89.65 and a 12 month high of $91.51.

Institutional Investors Weigh In On Franklin Liberty Short Duration US Government ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Franklin Liberty Short Duration US Government ETF by 1.4% during the 1st quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock worth $1,483,000 after purchasing an additional 225 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Franklin Liberty Short Duration US Government ETF during the 3rd quarter worth $6,984,000. Jones Financial Companies Lllp grew its position in Franklin Liberty Short Duration US Government ETF by 16.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,870 shares of the company’s stock worth $1,445,000 after purchasing an additional 2,236 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in Franklin Liberty Short Duration US Government ETF during the 3rd quarter worth $1,004,000. Finally, Ameriflex Group Inc. purchased a new position in Franklin Liberty Short Duration US Government ETF during the 3rd quarter worth $180,000.

Franklin Liberty Short Duration US Government ETF Company Profile

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.