Franklin Senior Loan ETF (BATS:FLBL) Sees Significant Increase in Short Interest

Franklin Senior Loan ETF (BATS:FLBL) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 343,809 shares, an increase of 79.2% from the September 15th total of 191,806 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 383,246 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Franklin Senior Loan ETF

Several large investors have recently bought and sold shares of FLBL. Bank of New York Mellon Corp raised its holdings in shares of Franklin Senior Loan ETF by 655.5% in the first quarter. Bank of New York Mellon Corp now owns 1,933,014 shares of the company’s stock worth $44,459,000 after buying an additional 1,677,153 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of Franklin Senior Loan ETF during the fourth quarter valued at $27,713,000. Assetmark Inc. grew its holdings in shares of Franklin Senior Loan ETF by 19.4% during the first quarter. Assetmark Inc. now owns 435,364 shares of the company’s stock valued at $10,013,000 after buying an additional 70,667 shares during the last quarter. DORVAL Corp increased its position in shares of Franklin Senior Loan ETF by 2.3% in the 2nd quarter. DORVAL Corp now owns 346,058 shares of the company’s stock valued at $7,932,000 after acquiring an additional 7,830 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Franklin Senior Loan ETF by 226.6% in the 1st quarter. Royal Bank of Canada now owns 334,835 shares of the company’s stock valued at $7,700,000 after acquiring an additional 232,329 shares during the period.

Franklin Senior Loan ETF Price Performance

Shares of FLBL stock traded down $0.01 during trading hours on Friday, reaching $22.71. 125,625 shares of the company’s stock were exchanged, compared to its average volume of 320,378. Franklin Senior Loan ETF has a 1 year low of $22.57 and a 1 year high of $23.89. The stock’s fifty day moving average price is $22.98 and its two-hundred day moving average price is $22.98.

Franklin Senior Loan ETF Company Profile

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.