Franklin High Yield Corporate ETF (BATS:FLHY) Stock Short Interest Jumps 236.5%

Franklin High Yield Corporate ETF (BATS:FLHY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 66,610 shares, an increase of 236.5% from the September 15th total of 19,795 shares. Based on an average daily volume of 328,974 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Franklin High Yield Corporate ETF Trading Up 0.0%

FLHY stock traded up $0.01 during midday trading on Friday, hitting $23.42. The company’s stock had a trading volume of 280,338 shares, compared to its average volume of 292,078. Franklin High Yield Corporate ETF has a 12 month low of $23.14 and a 12 month high of $24.63. The company has a 50 day moving average of $23.90 and a two-hundred day moving average of $24.11.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

Several hedge funds have recently modified their holdings of the stock. Sprinkle Financial Consultants LLC bought a new position in shares of Franklin High Yield Corporate ETF during the 3rd quarter valued at about $461,000. Envestnet Asset Management Inc. increased its holdings in shares of Franklin High Yield Corporate ETF by 155.3% in the second quarter. Envestnet Asset Management Inc. now owns 362,056 shares of the company’s stock worth $8,794,000 after purchasing an additional 220,256 shares during the last quarter. Van Hulzen Asset Management LLC bought a new stake in shares of Franklin High Yield Corporate ETF in the second quarter worth about $597,000. Capital Analysts LLC increased its holdings in shares of Franklin High Yield Corporate ETF by 152.0% in the second quarter. Capital Analysts LLC now owns 4,679 shares of the company’s stock worth $114,000 after purchasing an additional 2,822 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Franklin High Yield Corporate ETF in the second quarter worth about $770,000.

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.