Short Interest in Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) Expands By 43.7%

Franklin U.S. Core Bond ETF (NYSEARCA:FLCB) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 35,228 shares, a growth of 43.7% from the January 15th total of 24,520 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 360,042 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 360,042 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Franklin U.S. Core Bond ETF

Several hedge funds have recently modified their holdings of FLCB. Franklin Resources Inc. boosted its stake in Franklin U.S. Core Bond ETF by 9.6% during the second quarter. Franklin Resources Inc. now owns 81,487,315 shares of the company’s stock worth $1,753,607,000 after acquiring an additional 7,134,359 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Franklin U.S. Core Bond ETF by 43.9% during the third quarter. Hantz Financial Services Inc. now owns 2,814,763 shares of the company’s stock valued at $61,137,000 after purchasing an additional 858,541 shares during the period. Sequent Planning LLC bought a new position in shares of Franklin U.S. Core Bond ETF during the 3rd quarter worth about $16,774,000. MGO One Seven LLC grew its stake in shares of Franklin U.S. Core Bond ETF by 2,298.7% in the 4th quarter. MGO One Seven LLC now owns 377,895 shares of the company’s stock valued at $8,172,000 after buying an additional 362,141 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Franklin U.S. Core Bond ETF in the 3rd quarter valued at about $6,391,000.

Franklin U.S. Core Bond ETF Price Performance

Shares of NYSEARCA:FLCB opened at $21.86 on Tuesday. Franklin U.S. Core Bond ETF has a 1 year low of $20.89 and a 1 year high of $21.95. The business’s 50-day moving average is $21.67 and its 200-day moving average is $21.68.

Franklin U.S. Core Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0808 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, February 2nd. This is a positive change from Franklin U.S. Core Bond ETF’s previous monthly dividend of $0.07.

About Franklin U.S. Core Bond ETF

The Franklin U.S. Core Bond ETF (FLCB) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively-managed fund that holds US investment-grade bonds, including Treasurys, MBS and investment-grade corporate bonds. Managers aim for similar risk traits to the Bloomberg U.S FLCB was launched on Sep 17, 2019 and is managed by Franklin Templeton.