Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Sees Large Decline in Short Interest

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 55,447 shares, a decrease of 78.1% from the May 14th total of 253,038 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 457,424 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Franklin U.S. Core Bond ETF

A number of large investors have recently made changes to their positions in the business. Comerica Bank grew its stake in shares of Franklin U.S. Core Bond ETF by 3.4% during the fourth quarter. Comerica Bank now owns 17,794 shares of the company’s stock worth $385,000 after acquiring an additional 585 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Franklin U.S. Core Bond ETF by 2.0% during the second quarter. NewEdge Advisors LLC now owns 38,243 shares of the company’s stock worth $823,000 after acquiring an additional 737 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Franklin U.S. Core Bond ETF by 2.9% during the fourth quarter. Clearbridge Investments LLC now owns 28,862 shares of the company’s stock worth $624,000 after acquiring an additional 821 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Franklin U.S. Core Bond ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 69,525 shares of the company’s stock worth $1,494,000 after acquiring an additional 863 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Franklin U.S. Core Bond ETF by 4.1% during the first quarter. Private Advisor Group LLC now owns 44,150 shares of the company’s stock worth $949,000 after acquiring an additional 1,726 shares during the last quarter.

Franklin U.S. Core Bond ETF Stock Performance

Shares of FLCB stock traded down $0.02 during trading hours on Friday, reaching $21.35. 202,823 shares of the company’s stock were exchanged, compared to its average volume of 462,478. The stock’s 50 day moving average is $21.40 and its 200-day moving average is $21.57. Franklin U.S. Core Bond ETF has a fifty-two week low of $21.09 and a fifty-two week high of $21.96.

About Franklin U.S. Core Bond ETF

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.