Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Update

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,457 shares, a growth of 453.2% from the July 15th total of 2,071 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 18,257 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Franklin Responsibly Sourced Gold ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of Franklin Responsibly Sourced Gold ETF by 12.6% in the fourth quarter. LPL Financial LLC now owns 259,327 shares of the company’s stock valued at $14,937,000 after buying an additional 29,017 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Franklin Responsibly Sourced Gold ETF by 3.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 222,988 shares of the company’s stock valued at $12,844,000 after acquiring an additional 7,732 shares in the last quarter. Jane Street Group LLC grew its stake in Franklin Responsibly Sourced Gold ETF by 18.5% during the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock valued at $4,903,000 after acquiring an additional 18,319 shares in the last quarter. Eastern Bank acquired a new stake in Franklin Responsibly Sourced Gold ETF in the 2nd quarter valued at about $5,894,000. Finally, JPMorgan Chase & Co. raised its holdings in Franklin Responsibly Sourced Gold ETF by 3.7% in the 4th quarter. JPMorgan Chase & Co. now owns 107,504 shares of the company’s stock valued at $6,192,000 after acquiring an additional 3,808 shares during the last quarter.

Franklin Responsibly Sourced Gold ETF Stock Down 1.5%

Shares of FGDL traded down $0.88 during trading hours on Thursday, hitting $57.86. 19,295 shares of the stock were exchanged, compared to its average volume of 50,300. Franklin Responsibly Sourced Gold ETF has a 12-month low of $44.20 and a 12-month high of $74.24. The stock’s 50-day moving average price is $55.21 and its two-hundred day moving average price is $60.94.

Franklin Responsibly Sourced Gold ETF Company Profile

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.