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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 26,107 shares, a decrease of 46.7% from the September 30th total of 48,978 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 255,899 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Franklin U.S. Treasury Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Latitude Advisors LLC purchased a new stake in shares of Franklin U.S. Treasury Bond ETF during the third quarter worth about $168,000. Gilpin Wealth Management LLC raised its position in shares of Franklin U.S. Treasury Bond ETF by 332.2% in the 3rd quarter. Gilpin Wealth Management LLC now owns 9,379 shares of the company’s stock valued at $182,000 after purchasing an additional 7,209 shares during the last quarter. Encompass More Asset Management boosted its stake in Franklin U.S. Treasury Bond ETF by 10.6% in the 3rd quarter. Encompass More Asset Management now owns 23,026 shares of the company’s stock worth $447,000 after purchasing an additional 2,199 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Franklin U.S. Treasury Bond ETF by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,904 shares of the company’s stock worth $509,000 after purchasing an additional 794 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in Franklin U.S. Treasury Bond ETF during the 1st quarter worth approximately $555,000.

Franklin U.S. Treasury Bond ETF Stock Performance

Shares of FLGV traded down $0.05 during midday trading on Monday, hitting $19.78. 148,866 shares of the company’s stock traded hands, compared to its average volume of 180,698. Franklin U.S. Treasury Bond ETF has a 1 year low of $19.33 and a 1 year high of $20.85. The firm’s fifty day moving average is $19.68 and its 200-day moving average is $20.16.

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.