Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Short Interest Down 72.7% in June

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,631 shares, a decline of 72.7% from the May 31st total of 5,981 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 29,653 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Franklin Responsibly Sourced Gold ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FGDL. Comerica Bank bought a new stake in shares of Franklin Responsibly Sourced Gold ETF in the first quarter valued at approximately $48,000. Jane Street Group LLC grew its stake in Franklin Responsibly Sourced Gold ETF by 18.5% in the 1st quarter. Jane Street Group LLC now owns 117,211 shares of the company’s stock valued at $4,903,000 after buying an additional 18,319 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Franklin Responsibly Sourced Gold ETF in the 2nd quarter valued at approximately $35,000. Bank of America Corp DE bought a new stake in Franklin Responsibly Sourced Gold ETF during the 2nd quarter valued at $120,000. Finally, Osaic Holdings Inc. lifted its position in shares of Franklin Responsibly Sourced Gold ETF by 104.0% during the second quarter. Osaic Holdings Inc. now owns 23,968 shares of the company’s stock worth $1,054,000 after acquiring an additional 12,220 shares in the last quarter.

Franklin Responsibly Sourced Gold ETF Trading Up 0.8%

FGDL stock opened at $54.10 on Friday. Franklin Responsibly Sourced Gold ETF has a fifty-two week low of $43.41 and a fifty-two week high of $74.24. The stock has a fifty day moving average of $59.60 and a 200-day moving average of $62.00.

About Franklin Responsibly Sourced Gold ETF

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.