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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,671 shares, a decline of 88.5% from the June 30th total of 31,842 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 101,911 shares, the short-interest ratio is presently 0.0 days.

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

A number of institutional investors have recently made changes to their positions in FLQM. Focus Financial Network Inc. grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.1% in the second quarter. Focus Financial Network Inc. now owns 53,345 shares of the company’s stock valued at $3,088,000 after purchasing an additional 1,117 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 20.2% during the 1st quarter. NewEdge Advisors LLC now owns 126,264 shares of the company’s stock worth $6,936,000 after purchasing an additional 21,252 shares during the last quarter. Access Investment Management LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $118,000. Royal Bank of Canada boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% in the 1st quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock valued at $17,729,000 after purchasing an additional 1,072 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock valued at $79,902,000 after purchasing an additional 142,619 shares during the period.

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

Shares of FLQM opened at $59.25 on Friday. The firm has a market cap of $1.82 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.72 and a 52 week high of $60.34. The firm’s 50-day simple moving average is $57.81 and its 200 day simple moving average is $57.15.

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.