Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 64,292 shares, an increase of 205.5% from the April 15th total of 21,045 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 315,880 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
A number of institutional investors and hedge funds have recently bought and sold shares of FLQM. Fifth Third Bancorp purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $50,000. Comerica Bank purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth approximately $51,000. Richards Merrill & Peterson Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $52,000. NewEdge Advisors LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after acquiring an additional 326 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after acquiring an additional 221 shares during the period.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
FLQM opened at $55.24 on Friday. The company has a market cap of $1.69 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $52.67 and a 1 year high of $58.66. The firm has a 50 day moving average price of $55.93 and a 200 day moving average price of $56.56.
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.
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