Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Stock Short Interest Climbs 414.1%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 27,956 shares, a growth of 414.1% from the October 15th total of 5,438 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 19,382 shares, the short-interest ratio is presently 1.4 days.

Franklin Responsibly Sourced Gold ETF Stock Down 0.9%

Franklin Responsibly Sourced Gold ETF stock traded down $0.47 during midday trading on Wednesday, hitting $53.12. The stock had a trading volume of 11,536 shares, compared to its average volume of 41,302. The business has a fifty day moving average price of $55.69 and a 200 day moving average price of $59.59. Franklin Responsibly Sourced Gold ETF has a 12 month low of $51.54 and a 12 month high of $74.24.

Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in Franklin Responsibly Sourced Gold ETF during the third quarter valued at $315,000. OneAscent Financial Services LLC lifted its position in shares of Franklin Responsibly Sourced Gold ETF by 12.4% in the 3rd quarter. OneAscent Financial Services LLC now owns 8,502 shares of the company’s stock worth $470,000 after buying an additional 938 shares during the last quarter. Basso Capital Management L.P. boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 42.4% in the 3rd quarter. Basso Capital Management L.P. now owns 7,400 shares of the company’s stock valued at $409,000 after buying an additional 2,203 shares during the period. Vise Technologies Inc. boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 63.0% in the 3rd quarter. Vise Technologies Inc. now owns 7,789 shares of the company’s stock valued at $430,000 after buying an additional 3,011 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 13.4% in the 3rd quarter. Park Avenue Securities LLC now owns 21,776 shares of the company’s stock valued at $1,204,000 after buying an additional 2,574 shares during the period.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.