Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Decline in Short Interest

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 63,299 shares, a decline of 37.2% from the July 30th total of 100,838 shares. Based on an average trading volume of 90,995 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Franklin U.S. Equity Index ETF Trading Up 0.7%

USPX stock traded up $0.47 during midday trading on Wednesday, hitting $66.98. The company’s stock had a trading volume of 9,509 shares, compared to its average volume of 83,841. The firm’s 50-day moving average is $66.00 and its 200-day moving average is $63.12. Franklin U.S. Equity Index ETF has a 12 month low of $54.99 and a 12 month high of $68.16. The company has a market cap of $2.06 billion, a PE ratio of 25.39 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of USPX. CoreCap Advisors LLC purchased a new stake in shares of Franklin U.S. Equity Index ETF during the second quarter valued at $37,000. Kestra Advisory Services LLC purchased a new position in Franklin U.S. Equity Index ETF in the 4th quarter worth about $35,000. O Shaughnessy Asset Management LLC bought a new position in Franklin U.S. Equity Index ETF during the 4th quarter valued at about $46,000. TOWER TRUST & INVESTMENT Co bought a new position in Franklin U.S. Equity Index ETF during the 2nd quarter valued at about $82,000. Finally, Larson Financial Group LLC bought a new position in Franklin U.S. Equity Index ETF during the 4th quarter valued at about $106,000.

Franklin U.S. Equity Index ETF Company Profile

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).