Short Interest in Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) Decreases By 43.4%

Franklin Ultra Short Bond ETF (NYSEARCA:FLUD) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 30,922 shares, a drop of 43.4% from the June 15th total of 54,625 shares. Based on an average trading volume of 579,036 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Franklin Ultra Short Bond ETF Stock Performance

FLUD stock traded down $0.01 during trading on Friday, hitting $25.00. The company had a trading volume of 8,874 shares, compared to its average volume of 183,222. The business has a 50-day moving average of $24.99 and a 200-day moving average of $25.00. Franklin Ultra Short Bond ETF has a one year low of $24.85 and a one year high of $26.07.

Institutional Investors Weigh In On Franklin Ultra Short Bond ETF

A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in Franklin Ultra Short Bond ETF during the fourth quarter worth $211,000. Janney Montgomery Scott LLC acquired a new stake in Franklin Ultra Short Bond ETF during the 1st quarter worth about $355,000. CacheTech Inc. acquired a new stake in Franklin Ultra Short Bond ETF during the 4th quarter worth about $739,000. Jane Street Group LLC raised its position in shares of Franklin Ultra Short Bond ETF by 105.6% in the 2nd quarter. Jane Street Group LLC now owns 32,176 shares of the company’s stock worth $806,000 after acquiring an additional 16,529 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Franklin Ultra Short Bond ETF by 40.7% in the 3rd quarter. Citadel Advisors LLC now owns 32,825 shares of the company’s stock worth $824,000 after acquiring an additional 9,491 shares in the last quarter.

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.