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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 35,841 shares, a decrease of 67.9% from the June 15th total of 111,509 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 110,837 shares, the short-interest ratio is presently 0.3 days.

Franklin U.S. Treasury Bond ETF Stock Performance

Shares of FLGV traded up $0.03 during midday trading on Tuesday, hitting $20.08. The stock had a trading volume of 76,905 shares, compared to its average volume of 139,019. The company has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $20.41. Franklin U.S. Treasury Bond ETF has a twelve month low of $19.96 and a twelve month high of $21.30.

Institutional Investors Weigh In On Franklin U.S. Treasury Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLGV. Bank of America Corp DE lifted its stake in Franklin U.S. Treasury Bond ETF by 1.9% in the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock valued at $114,876,000 after acquiring an additional 107,211 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Franklin U.S. Treasury Bond ETF by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,179,614 shares of the company’s stock valued at $44,726,000 after purchasing an additional 61,654 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Franklin U.S. Treasury Bond ETF by 3.0% in the fourth quarter. Osaic Holdings Inc. now owns 2,055,607 shares of the company’s stock valued at $42,181,000 after purchasing an additional 60,028 shares during the last quarter. Flaharty Asset Management LLC lifted its position in shares of Franklin U.S. Treasury Bond ETF by 2.9% in the fourth quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock worth $28,253,000 after purchasing an additional 38,700 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Franklin U.S. Treasury Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 643,340 shares of the company’s stock worth $13,201,000 after purchasing an additional 129,546 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.