Short Interest in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Declines By 42.6%

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 42,492 shares, a decline of 42.6% from the June 15th total of 74,089 shares. Based on an average trading volume of 405,663 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Franklin U.S. Core Bond ETF by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock worth $68,084,000 after purchasing an additional 975,606 shares during the last quarter. MGO One Seven LLC boosted its position in Franklin U.S. Core Bond ETF by 2,298.7% in the 4th quarter. MGO One Seven LLC now owns 377,895 shares of the company’s stock valued at $8,172,000 after buying an additional 362,141 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Franklin U.S. Core Bond ETF by 11.2% in the 1st quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock valued at $66,215,000 after buying an additional 311,379 shares during the last quarter. Bank of America Corp DE boosted its position in Franklin U.S. Core Bond ETF by 13.3% in the 1st quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock valued at $46,966,000 after buying an additional 257,025 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Franklin U.S. Core Bond ETF by 387.9% in the 2nd quarter. Raymond James Financial Inc. now owns 297,437 shares of the company’s stock valued at $6,401,000 after buying an additional 236,473 shares during the period.

Franklin U.S. Core Bond ETF Price Performance

NYSEARCA FLCB opened at $21.23 on Friday. Franklin U.S. Core Bond ETF has a 52-week low of $21.09 and a 52-week high of $21.96. The company has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.51.

About Franklin U.S. Core Bond ETF

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.