Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Update

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 37,044 shares, a decrease of 64.2% from the April 30th total of 103,599 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 528,364 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

Several institutional investors have recently made changes to their positions in FLUD. Cetera Investment Advisers bought a new stake in shares of Franklin Ultra Short Bond ETF in the fourth quarter valued at about $211,000. Janney Montgomery Scott LLC purchased a new position in Franklin Ultra Short Bond ETF during the 1st quarter valued at about $355,000. CacheTech Inc. purchased a new position in Franklin Ultra Short Bond ETF during the 4th quarter valued at about $739,000. Jane Street Group LLC raised its holdings in shares of Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock valued at $806,000 after purchasing an additional 16,529 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of 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 purchasing an additional 9,491 shares in the last quarter.

Franklin Ultra Short Bond ETF Trading Up 0.2%

FLUD traded up $0.04 during trading on Friday, hitting $25.02. 81,291 shares of the stock were exchanged, compared to its average volume of 136,847. The firm has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $25.01. Franklin Ultra Short Bond ETF has a 1 year low of $24.46 and a 1 year high of $26.70.

Franklin Ultra Short Bond ETF Company Profile

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.