Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Shares Shorted: Short Interest Up 146.6% in October

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 25,884 shares, a growth of 146.6% from the September 30th total of 10,495 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 90,407 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC increased its position in shares of Franklin Investment Grade Corporate ETF by 49.5% during the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock valued at $3,794,000 after purchasing an additional 58,586 shares during the period. Sanctuary Advisors LLC lifted its stake in Franklin Investment Grade Corporate ETF by 10.3% in the first quarter. Sanctuary Advisors LLC now owns 419,177 shares of the company’s stock valued at $8,979,000 after acquiring an additional 39,008 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Franklin Investment Grade Corporate ETF by 12.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 238,524 shares of the company’s stock worth $5,114,000 after purchasing an additional 27,252 shares during the last quarter. RFG Advisory LLC bought a new position in Franklin Investment Grade Corporate ETF in the 2nd quarter worth $1,097,000. Finally, Bank of America Corp DE lifted its holdings in shares of Franklin Investment Grade Corporate ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 989,730 shares of the company’s stock worth $21,200,000 after buying an additional 32,807 shares during the last quarter.

Franklin Investment Grade Corporate ETF Stock Down 0.1%

Shares of FLCO traded down $0.03 during trading hours on Friday, reaching $20.64. 16,573 shares of the company traded hands, compared to its average volume of 92,180. The stock has a fifty day simple moving average of $20.63 and a 200 day simple moving average of $21.22. Franklin Investment Grade Corporate ETF has a fifty-two week low of $20.13 and a fifty-two week high of $21.95.

About Franklin Investment Grade Corporate ETF

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.