Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Short Interest Up 381.1% in February

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 24,506 shares, a growth of 381.1% from the February 12th total of 5,094 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 182,641 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 182,641 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in Franklin Ultra Short Bond ETF by 49.9% in the 2nd quarter. Franklin Resources Inc. now owns 5,671,900 shares of the company’s stock valued at $142,024,000 after buying an additional 1,889,100 shares during the last quarter. LPL Financial LLC lifted its position in Franklin Ultra Short Bond ETF by 57.3% during the 4th quarter. LPL Financial LLC now owns 176,008 shares of the company’s stock worth $4,397,000 after buying an additional 64,095 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Franklin Ultra Short Bond ETF by 713.9% during the 4th quarter. Royal Bank of Canada now owns 171,725 shares of the company’s stock worth $4,291,000 after buying an additional 150,627 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Franklin Ultra Short Bond ETF during the 4th quarter worth about $999,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Franklin Ultra Short Bond ETF in the 4th quarter valued at about $893,000.

Franklin Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA:FLUD traded up $0.01 during trading hours on Thursday, reaching $24.99. 42,389 shares of the stock were exchanged, compared to its average volume of 94,508. Franklin Ultra Short Bond ETF has a twelve month low of $24.46 and a twelve month high of $26.70. The firm has a 50 day moving average of $25.03 and a 200 day moving average of $25.03.

Franklin Ultra Short Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.0765 dividend. This is a boost from Franklin Ultra Short Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

About Franklin Ultra Short Bond ETF

The Franklin Ultra Short Bond ETF (FLUD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of broad investment-grade, ultra-short term bonds. FLUD was launched on Jul 14, 2020 and is managed by Franklin Templeton.