Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Update

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 81,905 shares, an increase of 454.8% from the July 15th total of 14,762 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 247,816 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

Large investors have recently made changes to their positions in the company. Ocean Park Asset Management LLC acquired a new stake in Franklin High Yield Corporate ETF during the second quarter valued at $7,238,000. Tenzing Financial LLC increased its stake in shares of Franklin High Yield Corporate ETF by 2.4% in the 2nd quarter. Tenzing Financial LLC now owns 58,633 shares of the company’s stock valued at $1,420,000 after purchasing an additional 1,391 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Franklin High Yield Corporate ETF by 8.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 681,278 shares of the company’s stock valued at $16,548,000 after purchasing an additional 53,557 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Franklin High Yield Corporate ETF by 96,562.4% in the 1st quarter. Bank of America Corp DE now owns 144,027 shares of the company’s stock valued at $3,477,000 after purchasing an additional 143,878 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Franklin High Yield Corporate ETF by 939.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock worth $100,000 after purchasing an additional 3,757 shares during the period.

Franklin High Yield Corporate ETF Price Performance

Shares of BATS:FLHY opened at $24.17 on Thursday. Franklin High Yield Corporate ETF has a 12-month low of $23.82 and a 12-month high of $24.63. The business has a 50 day moving average of $24.18 and a two-hundred day moving average of $24.28.

Franklin High Yield Corporate ETF Company Profile

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.