Franklin Focused Growth ETF (BATS:FFOG) Short Interest Up 903.9% in July

Franklin Focused Growth ETF (BATS:FFOG) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 23,491 shares, a growth of 903.9% from the June 30th total of 2,340 shares. Based on an average daily trading volume, of 37,133 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the company are short sold.

Franklin Focused Growth ETF Price Performance

FFOG opened at $47.22 on Monday. Franklin Focused Growth ETF has a twelve month low of $38.89 and a twelve month high of $52.50. The company’s 50-day moving average price is $50.01 and its two-hundred day moving average price is $46.82. The stock has a market cap of $160.55 million, a price-to-earnings ratio of 47.17 and a beta of 1.43.

Hedge Funds Weigh In On Franklin Focused Growth ETF

A number of large investors have recently made changes to their positions in FFOG. Advisory Services Network LLC bought a new position in Franklin Focused Growth ETF in the 3rd quarter worth about $38,000. Private Trust Co. NA boosted its position in shares of Franklin Focused Growth ETF by 57.1% in the fourth quarter. Private Trust Co. NA now owns 1,100 shares of the company’s stock valued at $51,000 after acquiring an additional 400 shares during the period. International Assets Investment Management LLC bought a new position in shares of Franklin Focused Growth ETF in the fourth quarter valued at approximately $149,000. Sigma Planning Corp grew its stake in Franklin Focused Growth ETF by 4.8% during the fourth quarter. Sigma Planning Corp now owns 5,314 shares of the company’s stock valued at $249,000 after acquiring an additional 242 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Franklin Focused Growth ETF during the 1st quarter worth approximately $249,000.

About Franklin Focused Growth ETF

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.