Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 55,600 shares, a growth of 51.1% from the May 15th total of 36,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 201,800 shares, the days-to-cover ratio is currently 0.3 days.
Franklin U.S. Treasury Bond ETF Stock Up 0.4%
Shares of FLGV opened at $20.33 on Wednesday. Franklin U.S. Treasury Bond ETF has a 12 month low of $19.44 and a 12 month high of $21.28. The firm’s 50 day moving average is $20.33 and its 200-day moving average is $20.30.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FLGV. Valmark Advisers Inc. boosted its position in shares of Franklin U.S. Treasury Bond ETF by 5.6% during the 4th quarter. Valmark Advisers Inc. now owns 37,906 shares of the company’s stock worth $763,000 after acquiring an additional 1,996 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Franklin U.S. Treasury Bond ETF by 14.7% during the 4th quarter. Farther Finance Advisors LLC now owns 18,491 shares of the company’s stock worth $372,000 after acquiring an additional 2,369 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Franklin U.S. Treasury Bond ETF by 25.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,155 shares of the company’s stock worth $426,000 after acquiring an additional 4,328 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Franklin U.S. Treasury Bond ETF by 37.6% in the first quarter. Atria Wealth Solutions Inc. now owns 19,908 shares of the company’s stock valued at $409,000 after buying an additional 5,438 shares in the last quarter. Finally, Encompass More Asset Management boosted its position in Franklin U.S. Treasury Bond ETF by 18.7% in the first quarter. Encompass More Asset Management now owns 38,365 shares of the company’s stock valued at $789,000 after buying an additional 6,057 shares in the last quarter.
Franklin U.S. Treasury Bond ETF Company Profile
The Franklin U.S. Treasury Bond ETF (FLGV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in US Treasurys with remaining maturities of 1 30 years. FLGV was launched on Jun 9, 2020 and is managed by Franklin Templeton.
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