Franklin High Yield Corporate ETF (BATS:FLHY) Sees Large Decrease in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,762 shares, a decrease of 77.3% from the June 30th total of 65,158 shares. Based on an average trading volume of 299,767 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Franklin High Yield Corporate ETF Stock Down 0.1%

Shares of FLHY opened at $24.06 on Friday. The stock has a 50-day moving average of $24.22 and a two-hundred day moving average of $24.32. Franklin High Yield Corporate ETF has a one year low of $23.82 and a one year high of $24.63.

Hedge Funds Weigh In On Franklin High Yield Corporate ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ocean Park Asset Management LLC purchased a new position in Franklin High Yield Corporate ETF in the second quarter valued at $7,238,000. Tenzing Financial LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 2.4% during the 2nd quarter. Tenzing Financial LLC now owns 58,633 shares of the company’s stock worth $1,420,000 after acquiring an additional 1,391 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Franklin High Yield Corporate ETF by 8.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 681,278 shares of the company’s stock worth $16,548,000 after acquiring an additional 53,557 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Franklin High Yield Corporate ETF by 96,562.4% during the 1st quarter. Bank of America Corp DE now owns 144,027 shares of the company’s stock worth $3,477,000 after acquiring an additional 143,878 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Franklin High Yield Corporate ETF by 939.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the company’s stock valued at $100,000 after acquiring an additional 3,757 shares during the period.

About Franklin High Yield Corporate ETF

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.