Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Short Interest Down 47.6% in February

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 18,460 shares, a decrease of 47.6% from the January 29th total of 35,228 shares. Based on an average daily volume of 342,455 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 342,455 shares, the days-to-cover ratio is presently 0.1 days.

Franklin U.S. Core Bond ETF Stock Up 0.1%

Shares of FLCB opened at $21.91 on Friday. Franklin U.S. Core Bond ETF has a 1 year low of $20.89 and a 1 year high of $21.95. The company has a 50 day simple moving average of $21.70 and a two-hundred day simple moving average of $21.70.

Franklin U.S. Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0808 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is an increase from Franklin U.S. Core Bond ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLCB. Root Financial Partners LLC purchased a new position in shares of Franklin U.S. Core Bond ETF during the third quarter valued at about $38,000. CWM LLC bought a new position in Franklin U.S. Core Bond ETF during the third quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB purchased a new position in Franklin U.S. Core Bond ETF during the 3rd quarter valued at approximately $52,000. Kestra Advisory Services LLC purchased a new position in Franklin U.S. Core Bond ETF during the 4th quarter valued at approximately $78,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Franklin U.S. Core Bond ETF in the 4th quarter worth approximately $212,000.

About Franklin U.S. Core Bond ETF

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.