Short Interest in Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Increases By 263.1%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 130,328 shares, an increase of 263.1% from the January 15th total of 35,895 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 113,293 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 113,293 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Franklin Responsibly Sourced Gold ETF during the third quarter worth about $33,000. Transamerica Financial Advisors LLC boosted its stake in Franklin Responsibly Sourced Gold ETF by 255.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Franklin Responsibly Sourced Gold ETF during the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC bought a new stake in Franklin Responsibly Sourced Gold ETF during the 3rd quarter worth approximately $41,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF in the third quarter worth approximately $43,000.

Franklin Responsibly Sourced Gold ETF Price Performance

Shares of NYSEARCA:FGDL traded up $1.58 during trading on Friday, reaching $66.88. 14,404 shares of the stock were exchanged, compared to its average volume of 79,270. Franklin Responsibly Sourced Gold ETF has a 1-year low of $37.79 and a 1-year high of $74.24. The stock has a fifty day moving average of $61.83 and a two-hundred day moving average of $54.63.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.