Short Interest in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Rises By 167.8%

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 89,674 shares, a growth of 167.8% from the April 15th total of 33,484 shares. Based on an average trading volume of 441,461 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Franklin U.S. Core Bond ETF Price Performance

Shares of NYSEARCA FLCB opened at $21.20 on Friday. Franklin U.S. Core Bond ETF has a 12 month low of $20.98 and a 12 month high of $21.96. The business has a 50-day moving average of $21.49 and a 200-day moving average of $21.63.

Hedge Funds Weigh In On Franklin U.S. Core Bond ETF

Large investors have recently modified their holdings of the stock. Comerica Bank increased its position in shares of Franklin U.S. Core Bond ETF by 3.4% during the 4th quarter. Comerica Bank now owns 17,794 shares of the company’s stock valued at $385,000 after purchasing an additional 585 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Franklin U.S. Core Bond ETF by 2.0% in the second quarter. NewEdge Advisors LLC now owns 38,243 shares of the company’s stock worth $823,000 after acquiring an additional 737 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Franklin U.S. Core Bond ETF by 2.5% in the third quarter. Cullen Frost Bankers Inc. now owns 31,182 shares of the company’s stock worth $677,000 after purchasing an additional 756 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Franklin U.S. Core Bond ETF by 2.9% in the fourth quarter. Clearbridge Investments LLC now owns 28,862 shares of the company’s stock worth $624,000 after purchasing an additional 821 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Franklin U.S. Core Bond ETF by 4.1% during the first quarter. Private Advisor Group LLC now owns 44,150 shares of the company’s stock valued at $949,000 after acquiring an additional 1,726 shares in the last quarter.

Franklin U.S. Core Bond ETF Company Profile

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.