Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) Sees Significant Growth in Short Interest

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 118,893 shares, an increase of 151.8% from the August 15th total of 47,214 shares. Based on an average daily volume of 160,083 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Franklin U.S. Treasury Bond ETF Stock Performance

NYSEARCA FLGV traded down $0.02 during midday trading on Tuesday, hitting $19.67. The company had a trading volume of 120,063 shares, compared to its average volume of 130,535. The firm has a fifty day simple moving average of $19.98 and a two-hundred day simple moving average of $20.22. Franklin U.S. Treasury Bond ETF has a fifty-two week low of $19.66 and a fifty-two week high of $20.89.

Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Franklin U.S. Treasury Bond ETF by 1.9% during the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock worth $114,876,000 after purchasing an additional 107,211 shares in the last quarter. Flaharty Asset Management LLC boosted its position in Franklin U.S. Treasury Bond ETF by 2.9% in the fourth quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock valued at $28,253,000 after buying an additional 38,700 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Franklin U.S. Treasury Bond ETF by 6.2% in the second quarter. Concurrent Investment Advisors LLC now owns 500,532 shares of the company’s stock valued at $10,151,000 after buying an additional 29,278 shares in the last quarter. First Heartland Consultants Inc. boosted its position in Franklin U.S. Treasury Bond ETF by 3.6% in the second quarter. First Heartland Consultants Inc. now owns 448,314 shares of the company’s stock valued at $9,092,000 after buying an additional 15,683 shares in the last quarter. Finally, Sequent Planning LLC grew its stake in Franklin U.S. Treasury Bond ETF by 10.3% during the first quarter. Sequent Planning LLC now owns 321,888 shares of the company’s stock worth $6,576,000 after buying an additional 29,990 shares during the last quarter.

Franklin U.S. Treasury Bond ETF Company Profile

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.