Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Update

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 47,718 shares, a drop of 61.8% from the May 14th total of 124,964 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 256,991 shares, the days-to-cover ratio is presently 0.2 days.

Franklin High Yield Corporate ETF Stock Performance

Shares of BATS FLHY traded up $0.02 during trading on Friday, reaching $24.28. 51,237 shares of the company traded hands, compared to its average volume of 320,314. The firm has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $24.36. Franklin High Yield Corporate ETF has a 52-week low of $23.82 and a 52-week high of $24.63.

Institutional Trading of Franklin High Yield Corporate ETF

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Franklin High Yield Corporate ETF by 59.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,737 shares of the company’s stock valued at $41,000 after acquiring an additional 650 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Franklin High Yield Corporate ETF during the 4th quarter valued at about $77,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin High Yield Corporate ETF by 939.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock valued at $100,000 after acquiring an additional 3,757 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Franklin High Yield Corporate ETF by 52.7% during the 3rd quarter. US Bancorp DE now owns 4,593 shares of the company’s stock valued at $113,000 after acquiring an additional 1,585 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Franklin High Yield Corporate ETF by 24.4% in the fourth quarter. Farther Finance Advisors LLC now owns 7,437 shares of the company’s stock worth $182,000 after buying an additional 1,460 shares during the last quarter.

Franklin High Yield Corporate ETF Company Profile

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.