Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Decreases By 39.5%

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 28,860 shares, a drop of 39.5% from the May 31st total of 47,718 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 192,912 shares, the days-to-cover ratio is currently 0.1 days.

Franklin High Yield Corporate ETF Stock Up 0.0%

BATS:FLHY opened at $24.29 on Wednesday. The firm’s 50-day moving average price is $24.28 and its 200-day moving average price is $24.34. Franklin High Yield Corporate ETF has a 1-year low of $23.82 and a 1-year high of $24.63.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Several hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in Franklin High Yield Corporate ETF by 59.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock worth $41,000 after purchasing an additional 650 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Franklin High Yield Corporate ETF during the fourth quarter valued at approximately $77,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Franklin High Yield Corporate ETF by 939.3% during the first quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock valued at $100,000 after purchasing an additional 3,757 shares during the last quarter. US Bancorp DE boosted its position in shares of Franklin High Yield Corporate ETF by 52.7% in the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock worth $113,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Franklin High Yield Corporate ETF by 24.4% in the 4th quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock worth $182,000 after purchasing an additional 1,460 shares in the last quarter.

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.