Short Interest in Franklin High Yield Corporate ETF (BATS:FLHY) Decreases By 39.5%

Franklin High Yield Corporate ETF (BATS:FLHY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 28,860 shares, a decrease of 39.5% from the May 31st total of 47,718 shares. Based on an average daily trading volume, of 192,912 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Franklin High Yield Corporate ETF

A number of institutional investors have recently modified their holdings of the company. Diversify Advisory Services LLC bought a new stake in shares of Franklin High Yield Corporate ETF in the 4th quarter worth approximately $1,170,000. Assetmark Inc. increased its stake in shares of Franklin High Yield Corporate ETF by 5.4% during the fourth quarter. Assetmark Inc. now owns 832,848 shares of the company’s stock valued at $20,334,000 after buying an additional 42,330 shares during the period. Sequent Planning LLC purchased a new position in shares of Franklin High Yield Corporate ETF during the third quarter valued at approximately $710,000. Clear Creek Financial Management LLC bought a new position in shares of Franklin High Yield Corporate ETF during the fourth quarter valued at approximately $590,000. Finally, CWM LLC raised its holdings in shares of Franklin High Yield Corporate ETF by 74.6% during the fourth quarter. CWM LLC now owns 68,856 shares of the company’s stock valued at $1,681,000 after acquiring an additional 29,414 shares in the last quarter.

Franklin High Yield Corporate ETF Price Performance

Shares of FLHY opened at $24.29 on Wednesday. Franklin High Yield Corporate ETF has a twelve month low of $23.82 and a twelve month high of $24.63. The firm has a fifty day simple moving average of $24.28 and a two-hundred day simple moving average of $24.34.

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.