Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Sees Large Drop in Short Interest

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 5,215 shares, a decline of 66.2% from the December 15th total of 15,416 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 91,003 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 91,003 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Franklin Responsibly Sourced Gold ETF Stock Up 2.0%

Shares of Franklin Responsibly Sourced Gold ETF stock opened at $61.23 on Tuesday. The business has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $51.23. Franklin Responsibly Sourced Gold ETF has a 1 year low of $35.53 and a 1 year high of $62.21.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Trademark Financial Management LLC boosted its holdings in shares of Franklin Responsibly Sourced Gold ETF by 8.6% during the second quarter. Trademark Financial Management LLC now owns 6,803 shares of the company’s stock worth $299,000 after acquiring an additional 537 shares during the period. Advisory Services Network LLC acquired a new stake in Franklin Responsibly Sourced Gold ETF during the 3rd quarter worth approximately $33,000. Raymond James Financial Inc. bought a new stake in Franklin Responsibly Sourced Gold ETF in the 2nd quarter valued at $35,000. Farther Finance Advisors LLC acquired a new position in Franklin Responsibly Sourced Gold ETF in the 3rd quarter valued at $41,000. Finally, JFS Wealth Advisors LLC acquired a new position in Franklin Responsibly Sourced Gold ETF in the 3rd quarter valued at $43,000.

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.