Short Interest in Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Drops By 60.7%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,498 shares, a decline of 60.7% from the July 30th total of 11,457 shares. Based on an average daily volume of 14,364 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Franklin Responsibly Sourced Gold ETF Stock Down 2.8%

Franklin Responsibly Sourced Gold ETF stock traded down $1.73 during midday trading on Friday, reaching $59.60. 10,319 shares of the company traded hands, compared to its average volume of 48,318. Franklin Responsibly Sourced Gold ETF has a 12 month low of $45.64 and a 12 month high of $74.24. The business has a 50 day moving average of $55.92 and a two-hundred day moving average of $60.41.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Several large investors have recently modified their holdings of FGDL. Eastern Bank purchased a new stake in Franklin Responsibly Sourced Gold ETF during the second quarter valued at $5,894,000. JPMorgan Chase & Co. purchased a new stake in shares of Franklin Responsibly Sourced Gold ETF during the 3rd quarter valued at about $5,357,000. Maridea Wealth Management LLC bought a new stake in Franklin Responsibly Sourced Gold ETF during the first quarter valued at approximately $2,983,000. LPL Financial LLC increased its holdings in Franklin Responsibly Sourced Gold ETF by 12.6% during 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. Finally, Jane Street Group LLC increased its holdings in Franklin Responsibly Sourced Gold ETF by 18.5% during the first quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock valued at $4,903,000 after buying an additional 18,319 shares during the last quarter.

About Franklin Responsibly Sourced Gold ETF

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.