Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Declines By 81.0%

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 15,524 shares, a decline of 81.0% from the July 30th total of 81,905 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 229,475 shares, the days-to-cover ratio is currently 0.1 days.

Franklin High Yield Corporate ETF Stock Performance

BATS FLHY opened at $24.25 on Friday. Franklin High Yield Corporate ETF has a 12 month low of $23.82 and a 12 month high of $24.63. The company’s 50-day moving average price is $24.18 and its 200-day moving average price is $24.25.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

A number of institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Franklin High Yield Corporate ETF by 59.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after purchasing an additional 650 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Franklin High Yield Corporate ETF during the 4th quarter valued at $77,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Franklin High Yield Corporate ETF by 939.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock worth $100,000 after buying an additional 3,757 shares during the period. US Bancorp DE grew its position in shares of Franklin High Yield Corporate ETF by 52.7% during the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock worth $113,000 after buying an additional 1,585 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Franklin High Yield Corporate ETF by 24.4% during the fourth quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock valued at $182,000 after buying an additional 1,460 shares during the period.

About Franklin High Yield Corporate ETF

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.