Franklin Intelligent Machines ETF (BATS:IQM) Short Interest Down 98.5% in June

Franklin Intelligent Machines ETF (BATS:IQM) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 4,502 shares, a decline of 98.5% from the June 15th total of 298,310 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 3,737 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Franklin Intelligent Machines ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. bought a new position in Franklin Intelligent Machines ETF in the 4th quarter worth approximately $194,000. Avior Wealth Management LLC bought a new stake in Franklin Intelligent Machines ETF during the 2nd quarter valued at $338,000. Harbour Investments Inc. boosted its position in Franklin Intelligent Machines ETF by 8.6% during the 4th quarter. Harbour Investments Inc. now owns 3,498 shares of the company’s stock worth $306,000 after acquiring an additional 277 shares during the period. Envestnet Asset Management Inc. acquired a new position in Franklin Intelligent Machines ETF during the 3rd quarter worth $361,000. Finally, Howard Financial Services LTD. bought a new position in shares of Franklin Intelligent Machines ETF in the second quarter worth $532,000.

Franklin Intelligent Machines ETF Stock Up 0.1%

BATS IQM traded up $0.16 during trading hours on Friday, hitting $113.87. The company had a trading volume of 2,879 shares, compared to its average volume of 7,387. The business has a fifty day simple moving average of $115.36 and a 200-day simple moving average of $101.38. The firm has a market cap of $51.24 million, a P/E ratio of 47.30 and a beta of 1.46. Franklin Intelligent Machines ETF has a fifty-two week low of $75.07 and a fifty-two week high of $126.21.

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.