Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Down 66.2% in December

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 5,215 shares, a decrease of 66.2% from the December 15th total of 15,416 shares. Based on an average daily trading volume, of 91,003 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 91,003 shares, the days-to-cover ratio is presently 0.1 days.

Franklin Responsibly Sourced Gold ETF Trading Down 0.6%

Shares of NYSEARCA:FGDL traded down $0.38 during trading on Thursday, reaching $61.51. 31,351 shares of the company traded hands, compared to its average volume of 76,865. The firm has a fifty day simple moving average of $57.30 and a 200 day simple moving average of $51.50. Franklin Responsibly Sourced Gold ETF has a 1-year low of $36.13 and a 1-year high of $62.21.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 3rd quarter worth about $33,000. Raymond James Financial Inc. acquired a new position in Franklin Responsibly Sourced Gold ETF in the second quarter worth approximately $35,000. Farther Finance Advisors LLC bought a new position in Franklin Responsibly Sourced Gold ETF during the third quarter valued at approximately $41,000. JFS Wealth Advisors LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF in the third quarter valued at approximately $43,000. Finally, Comerica Bank bought a new stake in Franklin Responsibly Sourced Gold ETF in the third quarter worth approximately $45,000.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.