Franklin U.S. Treasury Bond ETF (NYSEARCA:FLGV – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 111,509 shares, a growth of 392.4% from the May 31st total of 22,646 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 53,405 shares, the days-to-cover ratio is currently 2.1 days.
Hedge Funds Weigh In On Franklin U.S. Treasury Bond ETF
Several hedge funds have recently bought and sold shares of the stock. World Investment Advisors purchased a new stake in shares of Franklin U.S. Treasury Bond ETF in the fourth quarter valued at $921,000. Flaharty Asset Management LLC increased its position in Franklin U.S. Treasury Bond ETF by 2.9% during the 4th quarter. Flaharty Asset Management LLC now owns 1,376,870 shares of the company’s stock worth $28,253,000 after purchasing an additional 38,700 shares in the last quarter. Sequent Planning LLC increased its position in Franklin U.S. Treasury Bond ETF by 10.9% during the 4th quarter. Sequent Planning LLC now owns 291,898 shares of the company’s stock worth $5,990,000 after purchasing an additional 28,704 shares in the last quarter. MGO One Seven LLC raised its stake in Franklin U.S. Treasury Bond ETF by 1,144.5% in the 4th quarter. MGO One Seven LLC now owns 191,264 shares of the company’s stock valued at $3,925,000 after purchasing an additional 175,895 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Franklin U.S. Treasury Bond ETF by 1.9% in the 1st quarter. Bank of America Corp DE now owns 5,622,894 shares of the company’s stock valued at $114,876,000 after purchasing an additional 107,211 shares during the last quarter.
Franklin U.S. Treasury Bond ETF Price Performance
Shares of FLGV opened at $20.35 on Monday. Franklin U.S. Treasury Bond ETF has a 1-year low of $19.96 and a 1-year high of $21.30. The firm has a 50 day simple moving average of $20.26 and a 200-day simple moving average of $20.44.
About Franklin U.S. Treasury Bond ETF
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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