The short interest in the Franklin International Aggregate Bond ETF (BATS:FLIA) experienced a dramatic decline in June, plummeting by 91.6%. As of June 15,the total short interest stood at 13,718 shares,a stark contrast to the 163,327 shares reported at the end of May. Currently,no shares of the ETF are sold short, reflecting a significant shift in investor sentiment.
Trading activity for FLIA has also shown notable patterns. With an average trading volume of 92,620 shares,the short-interest ratio is now at 0.1 days. This indicates a rapid turnover of shares, suggesting that investors are either holding onto their positions or have shifted their strategies away from shorting ETF.
Institutional investors have been active in the market for FLIA, with several firms adjusting their holdings. NorthCrest Asset Management LLC boosted its stake by 37.6% in the fourth quarter,acquiring an additional 30,554 shares to reach a total of 111,899 shares valued at approximately $2.26 million. Meanwhile,WorthPointe LLC entered the fray with a new investment worth $1.72 million during the same period.
Wealth Enhancement Advisory Services LLC also increased its position by 12%,now holding 13,034,397 shares valued at about $263.82 million after purchasing additional 1,393,424 shares. Franklin Resources Inc. raised its stake by 3.5%, bringing its total to 7,755,449 shares worth $156.51 million after acquiring 265,568 shares . Lastly,Hantz Financial Services Inc . expanded its holdings by 11.1%, now owning 5,468,494 shares valued at $110.35 million following an increase of 545,559 shares.
On trading front,FLIA's stock price remained stable at $20.52 during midday trading on Thursday,with 67,250 shares changing hands,below its average volume of 121,233. The ETF has seen a 52-week low of $20.12 and a high of $20.77, indicating limited volatility in its recent performance. The 50-day moving average is currently at $20.35,while the 200-day moving average sits at $20.33.
Launched on May 30, 2018,the Franklin International Aggregate Bond ETF is an actively managed fund that tracks the Bloomberg Global Aggregate ex-USD Index. It invests in government,agency, and corporate debt outside the United States,providing investors with exposure to diverse range of international bonds.
