Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Shares Shorted: Short Interest Up 267.4% in September

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 136,924 shares, a growth of 267.4% from the September 15th total of 37,265 shares. Based on an average daily trading volume, of 537,733 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Franklin U.S. Core Bond ETF Price Performance

FLCB traded up $0.01 during trading on Monday, hitting $20.42. The company’s stock had a trading volume of 243,316 shares, compared to its average volume of 473,920. The stock’s fifty day moving average price is $20.83 and its 200-day moving average price is $21.17. Franklin U.S. Core Bond ETF has a twelve month low of $20.25 and a twelve month high of $21.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLCB. Bank of New York Mellon Corp boosted its stake in Franklin U.S. Core Bond ETF by 44.5% in the first quarter. Bank of New York Mellon Corp now owns 3,168,185 shares of the company’s stock valued at $68,084,000 after acquiring an additional 975,606 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Franklin U.S. Core Bond ETF during the 2nd quarter worth about $9,607,000. Sanctuary Advisors LLC increased its holdings in shares of Franklin U.S. Core Bond ETF by 11.2% in the first quarter. Sanctuary Advisors LLC now owns 3,081,221 shares of the company’s stock worth $66,215,000 after purchasing an additional 311,379 shares during the period. Bank of America Corp DE increased its stake in Franklin U.S. Core Bond ETF by 13.3% in the 1st quarter. Bank of America Corp DE now owns 2,185,462 shares of the company’s stock worth $46,966,000 after acquiring an additional 257,025 shares during the last quarter. Finally, Capital Analysts LLC increased its position in shares of Franklin U.S. Core Bond ETF by 53,195.9% in the second quarter. Capital Analysts LLC now owns 219,579 shares of the company’s stock worth $4,699,000 after purchasing an additional 219,167 shares during the last quarter.

Franklin U.S. Core Bond ETF Company Profile

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.