Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Up 125.8% in June

Franklin High Yield Corporate ETF (BATS:FLHYGet Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 65,158 shares, a growth of 125.8% from the June 15th total of 28,860 shares. Based on an average daily volume of 172,124 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin High Yield Corporate ETF

Several institutional investors have recently made changes to their positions in the stock. Diversify Advisory Services LLC purchased a new stake in shares of Franklin High Yield Corporate ETF during the 4th quarter worth approximately $1,170,000. Assetmark Inc. increased its position in Franklin High Yield Corporate ETF by 5.4% during 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. Clear Creek Financial Management LLC acquired a new position in shares of Franklin High Yield Corporate ETF in the fourth quarter valued at approximately $590,000. CWM LLC raised its holdings in Franklin High Yield Corporate ETF by 74.6% in the 4th 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 during the last quarter. Finally, Tenzing Financial LLC acquired a new position in Franklin High Yield Corporate ETF in the fourth quarter valued at $991,000.

Franklin High Yield Corporate ETF Trading Up 0.2%

BATS:FLHY opened at $24.18 on Wednesday. Franklin High Yield Corporate ETF has a 1-year low of $23.82 and a 1-year high of $24.63. The firm’s fifty day moving average price is $24.24 and its 200 day moving average price is $24.33.

About Franklin High Yield Corporate ETF

(Get Free Report)

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.

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