Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Sees Significant Decrease in Short Interest

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 18,116 shares, a decrease of 23.2% from the December 15th total of 23,578 shares. Based on an average daily volume of 33,354 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 33,354 shares, the short-interest ratio is presently 0.5 days.

Franklin Systematic Style Premia ETF Stock Down 0.4%

Shares of FLSP stock traded down $0.12 during trading hours on Friday, hitting $27.00. 309,851 shares of the company’s stock traded hands, compared to its average volume of 98,386. The stock has a market cap of $557.55 million, a PE ratio of 18.32 and a beta of 0.01. The stock’s 50 day simple moving average is $27.02 and its 200 day simple moving average is $26.05. Franklin Systematic Style Premia ETF has a 12 month low of $23.00 and a 12 month high of $27.43.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in shares of Franklin Systematic Style Premia ETF during the 2nd quarter worth approximately $25,491,000. PNC Financial Services Group Inc. lifted its position in shares of Franklin Systematic Style Premia ETF by 54,881.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,052,350 shares of the company’s stock valued at $25,362,000 after acquiring an additional 1,050,436 shares during the period. Franklin Resources Inc. boosted its stake in Franklin Systematic Style Premia ETF by 4.4% during the second quarter. Franklin Resources Inc. now owns 5,758,551 shares of the company’s stock worth $138,781,000 after acquiring an additional 243,422 shares in the last quarter. Susquehanna International Group LLP bought a new position in Franklin Systematic Style Premia ETF during the third quarter worth $5,791,000. Finally, KWB Wealth grew its holdings in Franklin Systematic Style Premia ETF by 165.1% in the third quarter. KWB Wealth now owns 280,364 shares of the company’s stock worth $7,435,000 after purchasing an additional 174,609 shares during the period.

Franklin Systematic Style Premia ETF Company Profile

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.