Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Sees Significant Growth in Short Interest

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 78,612 shares, a growth of 328.3% from the July 30th total of 18,356 shares. Based on an average trading volume of 122,505 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Franklin Ultra Short Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in Franklin Ultra Short Bond ETF during the fourth quarter worth $211,000. Janney Montgomery Scott LLC bought a new position in shares of Franklin Ultra Short Bond ETF during the 1st quarter worth about $355,000. CacheTech Inc. bought a new position in shares of Franklin Ultra Short Bond ETF during the 4th quarter worth about $739,000. Jane Street Group LLC boosted its position in shares of Franklin Ultra Short Bond ETF by 105.6% during the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock valued at $806,000 after acquiring an additional 16,529 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in Franklin Ultra Short Bond ETF by 40.7% in the third quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock valued at $824,000 after acquiring an additional 9,491 shares during the period.

Franklin Ultra Short Bond ETF Price Performance

FLUD stock remained flat at $25.01 during midday trading on Wednesday. The company’s stock had a trading volume of 30,418 shares, compared to its average volume of 167,266. The firm’s fifty day simple moving average is $25.00 and its 200 day simple moving average is $25.00. Franklin Ultra Short Bond ETF has a one year low of $24.88 and a one year high of $25.50.

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.