Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) Stock Short Interest Jumps 703.9%

Franklin Liberty Short Duration US Government ETF (NYSEARCA:FTSD) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 20,708 shares, an increase of 703.9% from the September 15th total of 2,576 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 32,128 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Franklin Liberty Short Duration US Government ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC increased its position in Franklin Liberty Short Duration US Government ETF by 5.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 210,011 shares of the company’s stock worth $19,008,000 after buying an additional 10,705 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in Franklin Liberty Short Duration US Government ETF by 239.0% in the first quarter. Gateway Wealth Partners LLC now owns 14,476 shares of the company’s stock valued at $1,314,000 after buying an additional 10,206 shares during the period. Asset Allocation Strategies LLC bought a new stake in Franklin Liberty Short Duration US Government ETF in the first quarter valued at approximately $439,000. World Investment Advisors lifted its position in shares of Franklin Liberty Short Duration US Government ETF by 116.5% in the first quarter. World Investment Advisors now owns 7,748 shares of the company’s stock valued at $703,000 after buying an additional 4,170 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Franklin Liberty Short Duration US Government ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 28,741 shares of the company’s stock valued at $2,609,000 after buying an additional 3,385 shares during the last quarter.

Franklin Liberty Short Duration US Government ETF Stock Performance

FTSD remained flat at $88.80 during trading hours on Friday. 26,065 shares of the company traded hands, compared to its average volume of 28,193. Franklin Liberty Short Duration US Government ETF has a fifty-two week low of $88.49 and a fifty-two week high of $91.51. The firm has a fifty day moving average price of $89.58 and a 200-day moving average price of $90.09.

Franklin Liberty Short Duration US Government ETF Company Profile

The Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed ETF that aims for a targeted duration of less than three years by investing in short-term debt securities issued or guaranteed by the US-government. The fund manager may also invest in certain interest rate-related derivative transactions. FTSD was launched on Nov 4, 2013 and is managed by Franklin Templeton.