Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sees Large Decrease in Short Interest

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 197 shares, a decline of 99.7% from the April 30th total of 64,292 shares. Based on an average trading volume of 122,084 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

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

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth $1,528,000. NewEdge Advisors LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after purchasing an additional 326 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% in the second quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after purchasing an additional 62,992 shares during the period. Ameriprise Financial Inc. grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after buying an additional 43,120 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after buying an additional 177,777 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.2%

BATS FLQM opened at $56.90 on Thursday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 16.69 and a beta of 0.98. The firm has a 50-day moving average price of $55.98 and a 200 day moving average price of $56.64. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $52.67 and a 52-week high of $58.66.

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

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.