Franklin High Yield Corporate ETF (BATS:FLHY) Sees Significant Growth in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 61,733 shares, an increase of 1,761.7% from the October 15th total of 3,316 shares. Based on an average daily trading volume, of 322,245 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Franklin High Yield Corporate ETF during the second quarter worth $877,000. Fifth Third Bancorp acquired a new position in shares of Franklin High Yield Corporate ETF during the 1st quarter worth about $502,000. Van Hulzen Asset Management LLC bought a new position in Franklin High Yield Corporate ETF during the second quarter valued at about $597,000. Ocean Park Asset Management LLC bought a new stake in shares of Franklin High Yield Corporate ETF in the 2nd quarter valued at approximately $7,238,000. Finally, Cetera Investment Advisers raised its stake in shares of Franklin High Yield Corporate ETF by 79.2% in the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock valued at $18,537,000 after acquiring an additional 339,472 shares during the last quarter.

Franklin High Yield Corporate ETF Price Performance

Shares of BATS:FLHY opened at $23.49 on Thursday. Franklin High Yield Corporate ETF has a 12-month low of $23.14 and a 12-month high of $24.63. The firm has a fifty day moving average of $23.57 and a two-hundred day moving average of $24.09.

About Franklin High Yield Corporate ETF

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.