Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Stock Short Interest Falls 57.1%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 10,495 shares, a decline of 57.1% from the September 15th total of 24,485 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 146,625 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. RFG Advisory LLC acquired a new stake in shares of Franklin Investment Grade Corporate ETF during the second quarter worth $1,097,000. Compound Planning Inc. lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 22.2% during the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after purchasing an additional 10,214 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Franklin Investment Grade Corporate ETF by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock valued at $2,453,000 after purchasing an additional 23,158 shares during the period. Sequent Planning LLC boosted its position in shares of Franklin Investment Grade Corporate ETF by 11.2% in the 1st quarter. Sequent Planning LLC now owns 129,939 shares of the company’s stock valued at $2,783,000 after purchasing an additional 13,118 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of Franklin Investment Grade Corporate ETF by 49.5% in the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after purchasing an additional 58,586 shares during the period.

Franklin Investment Grade Corporate ETF Stock Up 0.0%

Shares of NYSEARCA FLCO traded up $0.01 during midday trading on Tuesday, reaching $20.36. The company’s stock had a trading volume of 84,124 shares, compared to its average volume of 90,112. The company has a 50 day moving average price of $20.74 and a 200 day moving average price of $21.12. Franklin Investment Grade Corporate ETF has a one year low of $20.13 and a one year high of $22.10.

About Franklin Investment Grade Corporate ETF

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.