Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Sees Large Decline in Short Interest

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 2,653 shares, a decline of 91.4% from the June 30th total of 30,922 shares. Based on an average daily trading volume, of 375,989 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Franklin Ultra Short Bond ETF Stock Performance

NYSEARCA:FLUD traded up $0.01 during trading hours on Friday, hitting $25.01. The company’s stock had a trading volume of 84,068 shares, compared to its average volume of 178,683. The stock has a fifty day simple moving average of $24.99 and a 200-day simple moving average of $25.00. Franklin Ultra Short Bond ETF has a twelve month low of $24.85 and a twelve month high of $26.07.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new stake in Franklin Ultra Short Bond ETF in the fourth quarter valued at approximately $211,000. Janney Montgomery Scott LLC bought a new position in Franklin Ultra Short Bond ETF during the 1st quarter worth approximately $355,000. CacheTech Inc. acquired a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter worth approximately $739,000. Jane Street Group LLC lifted its position in shares of Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after purchasing an additional 16,529 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after purchasing an additional 9,491 shares during the last quarter.

About Franklin Ultra Short Bond ETF

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.