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

Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 13,260 shares, a decline of 48.5% from the July 15th total of 25,736 shares. Based on an average daily volume of 99,521 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Franklin U.S. Treasury Bond ETF Stock Performance

FLGV stock traded down $0.04 during mid-day trading on Friday, hitting $19.97. 75,757 shares of the company were exchanged, compared to its average volume of 132,004. The firm’s 50 day simple moving average is $20.11 and its 200 day simple moving average is $20.32. Franklin U.S. Treasury Bond ETF has a 1-year low of $19.92 and a 1-year high of $20.89.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in Franklin U.S. Treasury Bond ETF in the 4th quarter worth $27,000. Foundations Investment Advisors LLC acquired a new stake in shares of Franklin U.S. Treasury Bond ETF in the 4th quarter valued at about $244,000. JPMorgan Chase & Co. lifted its holdings in shares of Franklin U.S. Treasury Bond ETF by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 12,503 shares of the company’s stock valued at $258,000 after purchasing an additional 3,486 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter valued at about $287,000. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Franklin U.S. Treasury Bond ETF during the fourth quarter worth about $371,000.

About Franklin U.S. Treasury Bond ETF

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.