Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Update

Franklin High Yield Corporate ETF (BATS:FLHY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 124,964 shares, a decline of 52.7% from the April 30th total of 264,354 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 317,338 shares, the short-interest ratio is presently 0.4 days.

Franklin High Yield Corporate ETF Trading Up 0.1%

Shares of FLHY opened at $24.37 on Friday. The firm has a fifty day simple moving average of $24.25 and a two-hundred day simple moving average of $24.36. Franklin High Yield Corporate ETF has a 1-year low of $23.82 and a 1-year high of $24.63.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its stake in shares of Franklin High Yield Corporate ETF by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,882,471 shares of the company’s stock worth $45,961,000 after purchasing an additional 64,670 shares in the last quarter. LPL Financial LLC increased its stake in shares of Franklin High Yield Corporate ETF by 12.0% in the 4th quarter. LPL Financial LLC now owns 1,328,195 shares of the company’s stock worth $32,428,000 after purchasing an additional 142,587 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Franklin High Yield Corporate ETF by 153.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock worth $27,497,000 after purchasing an additional 679,295 shares in the last quarter. Prentice Wealth Management LLC increased its stake in shares of Franklin High Yield Corporate ETF by 72.5% in the 1st quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock worth $24,403,000 after purchasing an additional 424,952 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Franklin High Yield Corporate ETF by 5.4% in the 4th quarter. Assetmark Inc. now owns 832,848 shares of the company’s stock worth $20,334,000 after purchasing an additional 42,330 shares in the last quarter.

Franklin High Yield Corporate ETF Company Profile

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.