Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Down 37.6% in May

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 20,765 shares, a decrease of 37.6% from the April 30th total of 33,268 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 27,096 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Several hedge funds have recently added to or reduced their stakes in FLSP. Tredje AP fonden increased its stake in Franklin Systematic Style Premia ETF by 101.3% in the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock valued at $216,626,000 after purchasing an additional 4,050,000 shares during the last quarter. Franklin Resources Inc. increased its stake in Franklin Systematic Style Premia ETF by 19.1% in the fourth quarter. Franklin Resources Inc. now owns 6,969,526 shares of the company’s stock valued at $187,550,000 after purchasing an additional 1,119,845 shares during the last quarter. Peak Financial Advisors LLC purchased a new position in Franklin Systematic Style Premia ETF in the first quarter valued at approximately $18,183,000. Assetmark Inc. increased its stake in Franklin Systematic Style Premia ETF by 34,460.7% in the first quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock valued at $13,405,000 after purchasing an additional 491,409 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Franklin Systematic Style Premia ETF in the third quarter valued at approximately $5,791,000.

Franklin Systematic Style Premia ETF Stock Up 0.3%

Shares of Franklin Systematic Style Premia ETF stock opened at $27.34 on Friday. The firm has a market capitalization of $746.38 million, a P/E ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 52 week low of $23.90 and a 52 week high of $27.89. The firm’s 50 day moving average is $27.19 and its two-hundred day moving average is $27.13.

Franklin Systematic Style Premia ETF Company Profile

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.