Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Update

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 35,895 shares, an increase of 588.3% from the December 31st total of 5,215 shares. Based on an average daily volume of 76,904 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 76,904 shares, the short-interest ratio is presently 0.5 days.

Franklin Responsibly Sourced Gold ETF Stock Performance

NYSEARCA FGDL traded up $2.63 on Wednesday, reaching $71.78. 141,276 shares of the stock traded hands, compared to its average volume of 84,582. Franklin Responsibly Sourced Gold ETF has a 12 month low of $36.84 and a 12 month high of $72.54. The firm’s fifty day simple moving average is $59.28 and its 200 day simple moving average is $52.89.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF in the 3rd quarter valued at about $33,000. Raymond James Financial Inc. bought a new stake in shares of Franklin Responsibly Sourced Gold ETF in the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC acquired a new stake 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 during the third quarter valued at approximately $43,000. Finally, Comerica Bank bought a new stake in Franklin Responsibly Sourced Gold ETF during the third quarter worth approximately $45,000.

About Franklin Responsibly Sourced Gold ETF

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.