Franklin High Yield Corporate ETF (BATS:FLHY) Sees Significant Decline in Short Interest

Franklin High Yield Corporate ETF (BATS:FLHY) saw 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 daily volume of 299,767 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Franklin High Yield Corporate ETF Stock Down 0.1%

Shares of Franklin High Yield Corporate ETF stock opened at $24.06 on Friday. The stock’s fifty day moving average is $24.22 and its two-hundred day moving average is $24.32. Franklin High Yield Corporate ETF has a 52 week low of $23.82 and a 52 week high of $24.63.

Institutional Trading of Franklin High Yield Corporate ETF

Hedge funds have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC bought a new position in shares of Franklin High Yield Corporate ETF during the first quarter valued at approximately $19,873,000. Ameriprise Financial Inc. raised its stake in Franklin High Yield Corporate ETF by 153.8% in the third quarter. Ameriprise Financial Inc. now owns 1,120,900 shares of the company’s stock worth $27,497,000 after buying an additional 679,295 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in Franklin High Yield Corporate ETF by 72.5% during the first quarter. Prentice Wealth Management LLC now owns 1,010,897 shares of the company’s stock worth $24,403,000 after buying an additional 424,952 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin High Yield Corporate ETF by 79.2% during the first quarter. Cetera Investment Advisers now owns 767,882 shares of the company’s stock worth $18,537,000 after buying an additional 339,472 shares during the period. Finally, Ocean Park Asset Management LLC bought a new stake in Franklin High Yield Corporate ETF during the 2nd quarter valued at $7,238,000.

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.