Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Sees Significant Growth in Short Interest

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,734 shares, a growth of 174.4% from the May 14th total of 2,454 shares. Based on an average trading volume of 15,516 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Franklin Liberty Short Duration US Government ETF

Large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new stake in shares of Franklin Liberty Short Duration US Government ETF in the third quarter worth approximately $180,000. StoneX Group Inc. bought a new stake in shares of Franklin Liberty Short Duration US Government ETF in the fourth quarter worth approximately $224,000. Kestra Advisory Services LLC grew its stake in shares of Franklin Liberty Short Duration US Government ETF by 21.7% in the fourth quarter. Kestra Advisory Services LLC now owns 2,739 shares of the company’s stock worth $249,000 after acquiring an additional 488 shares during the period. IFP Advisors Inc bought a new stake in shares of Franklin Liberty Short Duration US Government ETF in the third quarter worth approximately $288,000. Finally, World Investment Advisors grew its stake in shares of Franklin Liberty Short Duration US Government ETF by 7.3% in the fourth quarter. World Investment Advisors now owns 3,578 shares of the company’s stock worth $303,000 after acquiring an additional 244 shares during the period.

Franklin Liberty Short Duration US Government ETF Stock Performance

Shares of FTSD stock traded down $0.06 during trading hours on Friday, reaching $90.24. The company had a trading volume of 23,866 shares, compared to its average volume of 25,975. The business has a fifty day moving average price of $90.45 and a 200-day moving average price of $90.77. Franklin Liberty Short Duration US Government ETF has a one year low of $89.65 and a one year high of $91.51.

About Franklin Liberty Short Duration US Government ETF

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.