Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Stock Short Interest Jumps 60.1%

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 93,230 shares, a growth of 60.1% from the September 15th total of 58,218 shares. Based on an average daily volume of 150,508 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Franklin U.S. Equity Index ETF

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC increased its position in shares of Franklin U.S. Equity Index ETF by 76.7% in the 3rd quarter. CoreCap Advisors LLC now owns 1,002 shares of the company’s stock valued at $67,000 after purchasing an additional 435 shares during the last quarter. RFG Advisory LLC acquired a new position in Franklin U.S. Equity Index ETF in the second quarter valued at $4,247,000. Second Line Capital LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the second quarter worth $325,000. TOWER TRUST & INVESTMENT Co acquired a new position in shares of Franklin U.S. Equity Index ETF during the second quarter worth about $82,000. Finally, Cetera Investment Advisers raised its stake in shares of Franklin U.S. Equity Index ETF by 26.9% during the 1st quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock worth $930,000 after buying an additional 3,466 shares in the last quarter.

Franklin U.S. Equity Index ETF Stock Performance

Shares of USPX traded down $0.10 during mid-day trading on Friday, hitting $67.40. 60,365 shares of the company’s stock were exchanged, compared to its average volume of 83,387. The stock’s 50-day moving average is $67.24 and its 200-day moving average is $65.01. Franklin U.S. Equity Index ETF has a fifty-two week low of $54.99 and a fifty-two week high of $68.47. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92.

About Franklin U.S. Equity Index ETF

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).