Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Sees Large Decrease in Short Interest

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 22 shares, a drop of 98.2% from the February 26th total of 1,209 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 200,781 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Osbon Capital Management LLC bought a new stake in Franklin Responsibly Sourced Gold ETF during the 4th quarter worth approximately $27,000. Advisory Services Network LLC acquired a new position in Franklin Responsibly Sourced Gold ETF in the third quarter worth $33,000. Transamerica Financial Advisors LLC boosted its stake in Franklin Responsibly Sourced Gold ETF by 255.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 644 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Franklin Responsibly Sourced Gold ETF during the second quarter worth $35,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Franklin Responsibly Sourced Gold ETF during the third quarter worth $41,000.

Franklin Responsibly Sourced Gold ETF Trading Down 3.2%

FGDL stock traded down $1.93 during trading on Thursday, hitting $58.23. 32,127 shares of the stock traded hands, compared to its average volume of 94,475. Franklin Responsibly Sourced Gold ETF has a one year low of $39.44 and a one year high of $74.24. The company has a 50 day simple moving average of $66.13 and a 200 day simple moving average of $58.84.

Franklin Responsibly Sourced Gold ETF Company Profile

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.