Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Short Interest Update

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 82,103 shares, a growth of 428.2% from the April 30th total of 15,545 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 66,528 shares, the days-to-cover ratio is currently 1.2 days.

Franklin U.S. Treasury Bond ETF Stock Up 0.1%

Shares of FLGV traded up $0.02 during mid-day trading on Friday, hitting $20.29. The company’s stock had a trading volume of 2,142,293 shares, compared to its average volume of 157,954. Franklin U.S. Treasury Bond ETF has a one year low of $19.96 and a one year high of $21.30. The stock’s 50-day moving average is $20.33 and its two-hundred day moving average is $20.50.

Institutional Investors Weigh In On Franklin U.S. Treasury Bond ETF

Several hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its stake in shares of Franklin U.S. Treasury Bond ETF by 3.3% in the first quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock valued at $509,000 after purchasing an additional 794 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter valued at $27,000. Encompass More Asset Management raised its stake in shares of Franklin U.S. Treasury Bond ETF by 2.6% in the fourth quarter. Encompass More Asset Management now owns 83,349 shares of the company’s stock valued at $1,710,000 after purchasing an additional 2,140 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Franklin U.S. Treasury Bond ETF by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after purchasing an additional 3,486 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Franklin U.S. Treasury Bond ETF by 19.8% in the second quarter. NewEdge Advisors LLC now owns 35,169 shares of the company’s stock valued at $723,000 after purchasing an additional 5,806 shares in the last quarter.

About Franklin U.S. Treasury Bond ETF

The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.