Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Short Interest Up 29.8% in January

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 36,993 shares, a growth of 29.8% from the December 31st total of 28,505 shares. Based on an average daily volume of 41,902 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 41,902 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of USPX. Franklin Resources Inc. grew its position in shares of Franklin U.S. Equity Index ETF by 30.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,150,001 shares of the company’s stock valued at $653,164,000 after buying an additional 2,634,653 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Franklin U.S. Equity Index ETF by 4.0% during the fourth quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock worth $118,780,000 after acquiring an additional 75,801 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Franklin U.S. Equity Index ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 431,681 shares of the company’s stock worth $25,288,000 after acquiring an additional 13,249 shares during the period. Sequent Planning LLC acquired a new position in shares of Franklin U.S. Equity Index ETF in the third quarter worth approximately $16,390,000. Finally, Jane Street Group LLC boosted its holdings in Franklin U.S. Equity Index ETF by 160.2% in the first quarter. Jane Street Group LLC now owns 42,557 shares of the company’s stock valued at $2,085,000 after acquiring an additional 26,203 shares during the last quarter.

Franklin U.S. Equity Index ETF Trading Up 0.5%

NYSEARCA:USPX traded up $0.29 during mid-day trading on Monday, hitting $60.86. 47,257 shares of the company’s stock were exchanged, compared to its average volume of 48,141. The company has a 50 day simple moving average of $60.18 and a 200-day simple moving average of $58.53. The firm has a market capitalization of $1.72 billion, a P/E ratio of 25.39 and a beta of 0.92. Franklin U.S. Equity Index ETF has a fifty-two week low of $42.40 and a fifty-two week high of $61.19.

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).