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The fund seeks a high level of current income with a secondary goal of seeking capital appreciation. The fund invests at least 80% of its net assets in high yield corporate debt securities and investments that provide exposure to high yield corporate debt securities. High yield debt securities are those that are rated below investment grade, also known as junk bonds. The Fund may invest in debt securities of U.S. and foreign issuers, including those in developing or emerging markets. These securities may be U.S. dollar or non-U.S. dollar denominated.
Franklin High Yield Corporate ETF trades on the BATS stock market under the symbol FLHY.
As of March 4, 2026, FLHY stock price climbed to $24.42 with 901,510 million shares trading.
FLHY has a beta of 0.24, meaning it tends to be less sensitive to market movements. FLHY has a correlation of 0.75 to the broad based SPY ETF.
FLHY has a market cap of $813.19 million. This is considered a Small Cap stock.
In the last 3 years, FLHY traded as high as $24.63 and as low as $21.86.
FLHY has underperformed the market in the last year with a price return of +8.0% while the SPY ETF gained +18.8%. However, in the short term, FLHY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +1.6% vs +0.7% return in SPY. But in the last 2 weeks, FLHY shares have been beat by the market, returning +0.1% compared to an SPY return of +0.5%.
FLHY support price is $24.29 and resistance is $24.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLHY shares will trade within this expected range on the day.
