Short Interest in Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Rises By 815.9%

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,584 shares, an increase of 815.9% from the July 15th total of 828 shares. Based on an average daily volume of 1,993 shares, the short-interest ratio is presently 3.8 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin U.S. Small Cap Multifactor Index ETF

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in Franklin U.S. Small Cap Multifactor Index ETF by 6.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,509 shares of the company’s stock valued at $713,000 after purchasing an additional 1,045 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Franklin U.S. Small Cap Multifactor Index ETF by 41.0% in the third quarter. Bank of America Corp DE now owns 14,404 shares of the company’s stock worth $633,000 after purchasing an additional 4,185 shares in the last quarter. Capital Analysts LLC raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 16.7% in the fourth quarter. Capital Analysts LLC now owns 9,979 shares of the company’s stock valued at $431,000 after purchasing an additional 1,430 shares during the period. Jane Street Group LLC raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 16.6% in the fourth quarter. Jane Street Group LLC now owns 7,822 shares of the company’s stock valued at $338,000 after purchasing an additional 1,114 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,363 shares of the company’s stock valued at $318,000 after purchasing an additional 390 shares during the period.

Franklin U.S. Small Cap Multifactor Index ETF Stock Performance

BATS:FLQS traded down $0.05 during trading hours on Tuesday, reaching $50.15. The stock had a trading volume of 2,223 shares, compared to its average volume of 6,909. The stock has a market cap of $57.67 million, a P/E ratio of 16.41 and a beta of 0.99. The stock has a 50 day simple moving average of $48.57 and a 200 day simple moving average of $46.10. Franklin U.S. Small Cap Multifactor Index ETF has a 12-month low of $40.76 and a 12-month high of $50.86.

Franklin U.S. Small Cap Multifactor Index ETF Company Profile

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.