Franklin Intelligent Machines ETF (BATS:IQM) Short Interest Down 80.2% in April

Franklin Intelligent Machines ETF (BATS:IQM) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,709 shares, a drop of 80.2% from the April 15th total of 13,699 shares. Based on an average trading volume of 7,073 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Franklin Intelligent Machines ETF

A number of institutional investors have recently bought and sold shares of the business. Members Advisory Group LLC boosted its position in Franklin Intelligent Machines ETF by 1,552.3% during the 4th quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock worth $10,838,000 after acquiring an additional 116,485 shares during the period. Cetera Investment Advisers boosted its position in Franklin Intelligent Machines ETF by 116.3% during the 1st quarter. Cetera Investment Advisers now owns 90,839 shares of the company’s stock worth $8,035,000 after acquiring an additional 48,843 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Franklin Intelligent Machines ETF by 84.1% during the 3rd quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock valued at $2,148,000 after buying an additional 11,239 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Franklin Intelligent Machines ETF by 13.2% during the 4th quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock valued at $2,015,000 after buying an additional 2,685 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Franklin Intelligent Machines ETF by 69.9% during the 4th quarter. Diversify Advisory Services LLC now owns 11,802 shares of the company’s stock valued at $1,141,000 after buying an additional 4,856 shares during the last quarter.

Franklin Intelligent Machines ETF Trading Up 1.6%

Shares of BATS IQM opened at $114.49 on Thursday. Franklin Intelligent Machines ETF has a one year low of $67.19 and a one year high of $115.19. The firm has a market capitalization of $51.52 million, a PE ratio of 47.30 and a beta of 1.46. The business has a 50-day moving average price of $98.05 and a two-hundred day moving average price of $93.45.

Franklin Intelligent Machines ETF Company Profile

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.