Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Shares Shorted: Short Interest Down 75.1% in September

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 16,952 shares, a decline of 75.1% from the August 31st total of 68,055 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 146,515 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

Large investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC bought a new position in shares of Franklin Ultra Short Bond ETF in the 1st quarter worth approximately $5,378,000. Citadel Advisors LLC increased its holdings in Franklin Ultra Short Bond ETF by 78.3% during the second quarter. Citadel Advisors LLC now owns 44,527 shares of the company’s stock valued at $1,115,000 after buying an additional 19,552 shares during the last quarter. Cetera Investment Advisers raised its position in Franklin Ultra Short Bond ETF by 181.9% in the first quarter. Cetera Investment Advisers now owns 23,781 shares of the company’s stock worth $595,000 after acquiring an additional 15,345 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Franklin Ultra Short Bond ETF in the first quarter worth approximately $355,000.

Franklin Ultra Short Bond ETF Price Performance

Shares of NYSEARCA FLUD traded up $0.02 during midday trading on Friday, hitting $24.95. 137,945 shares of the stock traded hands, compared to its average volume of 166,545. Franklin Ultra Short Bond ETF has a one year low of $24.88 and a one year high of $25.50. The firm has a 50-day moving average of $24.98 and a two-hundred day moving average of $24.98.

About Franklin Ultra Short Bond ETF

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.