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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 22,646 shares, a drop of 72.4% from the May 14th total of 82,103 shares. Based on an average daily trading volume, of 274,479 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Franklin U.S. Treasury Bond ETF Price Performance

NYSEARCA:FLGV traded up $0.11 during trading hours on Thursday, hitting $20.25. 53,479 shares of the stock traded hands, compared to its average volume of 148,966. The firm has a 50 day moving average price of $20.30 and a 200 day moving average price of $20.48. Franklin U.S. Treasury Bond ETF has a fifty-two week low of $19.96 and a fifty-two week high of $21.30.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLGV. Geneos Wealth Management Inc. lifted its position in shares of 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 acquiring an additional 794 shares during the period. Assetmark Inc. acquired a new stake in shares of Franklin U.S. Treasury Bond ETF during the 4th quarter worth about $27,000. Encompass More Asset Management boosted its holdings in shares of Franklin U.S. Treasury Bond ETF by 2.6% in the 4th quarter. Encompass More Asset Management now owns 83,349 shares of the company’s stock worth $1,710,000 after acquiring an additional 2,140 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Franklin U.S. Treasury Bond ETF by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after buying an additional 3,486 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Franklin U.S. Treasury Bond ETF by 19.8% during the second quarter. NewEdge Advisors LLC now owns 35,169 shares of the company’s stock worth $723,000 after purchasing an additional 5,806 shares in the last quarter.

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.