Short Interest in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Grows By 7,398.0%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 14,771 shares, an increase of 7,398.0% from the May 14th total of 197 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 97,750 shares, the short-interest ratio is presently 0.2 days.

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

Shares of BATS:FLQM traded up $0.72 during midday trading on Tuesday, reaching $57.65. The company had a trading volume of 69,897 shares, compared to its average volume of 149,170. The stock’s fifty day moving average price is $56.39 and its 200-day moving average price is $56.75. The stock has a market capitalization of $1.77 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.23 and a one year high of $58.66.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. raised its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.0% in the fourth quarter. Great Valley Advisor Group Inc. now owns 17,726 shares of the company’s stock worth $997,000 after acquiring an additional 177 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 16,673 shares of the company’s stock valued at $938,000 after acquiring an additional 214 shares during the last quarter. Pinnacle Financial Partners Inc. increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 8,835 shares of the company’s stock valued at $499,000 after acquiring an additional 220 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of 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 valued at $97,000 after acquiring an additional 221 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 14,585 shares of the company’s stock valued at $821,000 after acquiring an additional 275 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.