Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Rises By 454.8%

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 81,905 shares, a growth of 454.8% from the July 15th total of 14,762 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 247,816 shares, the short-interest ratio is presently 0.3 days.

Franklin High Yield Corporate ETF Price Performance

FLHY opened at $24.11 on Wednesday. The firm has a 50 day moving average price of $24.19 and a 200 day moving average price of $24.28. Franklin High Yield Corporate ETF has a 1 year low of $23.82 and a 1 year high of $24.63.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Several institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of Franklin High Yield Corporate ETF by 59.8% in 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 period. JPMorgan Chase & Co. boosted its position in Franklin High Yield Corporate ETF by 352.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,847 shares of the company’s stock worth $264,000 after purchasing an additional 8,447 shares during the period. Jane Street Group LLC boosted its position in Franklin High Yield Corporate ETF by 15.5% during the 2nd quarter. Jane Street Group LLC now owns 14,262 shares of the company’s stock worth $347,000 after purchasing an additional 1,914 shares during the period. Ameriprise Financial Inc. increased its holdings in Franklin High Yield Corporate ETF by 6.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 441,605 shares of the company’s stock valued at $10,753,000 after purchasing an additional 25,670 shares in the last quarter. Finally, Global View Capital Management LLC acquired a new stake in Franklin High Yield Corporate ETF in the 2nd quarter valued at $768,000.

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.