Franklin High Yield Corporate ETF (BATS:FLHY) Shares Shorted: Short Interest Down 95.0% in October

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 3,316 shares, a decline of 95.0% from the September 30th total of 66,610 shares. Based on an average daily volume of 337,746 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Franklin High Yield Corporate ETF Stock Performance

Shares of Franklin High Yield Corporate ETF stock traded up $0.02 during trading on Monday, hitting $23.44. The stock had a trading volume of 267,221 shares, compared to its average volume of 291,512. Franklin High Yield Corporate ETF has a 1 year low of $23.14 and a 1 year high of $24.63. The stock has a 50 day simple moving average of $23.74 and a 200 day simple moving average of $24.16.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

Several large investors have recently bought and sold shares of FLHY. Tenzing Financial LLC lifted its stake in Franklin High Yield Corporate ETF by 2.4% during the second quarter. Tenzing Financial LLC now owns 58,633 shares of the company’s stock worth $1,420,000 after purchasing an additional 1,391 shares during the period. Allworth Financial LP grew its stake in shares of Franklin High Yield Corporate ETF by 36.9% in the 2nd quarter. Allworth Financial LP now owns 8,436 shares of the company’s stock valued at $205,000 after purchasing an additional 2,274 shares during the period. Capital Analysts LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 152.0% in the 2nd quarter. Capital Analysts LLC now owns 4,679 shares of the company’s stock worth $114,000 after buying an additional 2,822 shares in the last quarter. Sovran Advisors LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 3.3% in the 1st quarter. Sovran Advisors LLC now owns 101,885 shares of the company’s stock worth $2,486,000 after buying an additional 3,265 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Franklin High Yield Corporate ETF by 939.3% during 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.

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.