Short Interest in Franklin Focused Growth ETF (BATS:FFOG) Declines By 88.3%

Franklin Focused Growth ETF (BATS:FFOG) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,340 shares, a drop of 88.3% from the June 15th total of 19,991 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 48,196 shares, the short-interest ratio is currently 0.0 days.

Franklin Focused Growth ETF Stock Up 0.4%

Shares of FFOG traded up $0.20 during mid-day trading on Friday, reaching $50.75. The company had a trading volume of 17,895 shares, compared to its average volume of 45,285. Franklin Focused Growth ETF has a 52-week low of $38.89 and a 52-week high of $52.50. The stock has a market capitalization of $172.55 million, a P/E ratio of 47.17 and a beta of 1.43. The stock has a 50 day moving average of $50.13 and a two-hundred day moving average of $46.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FFOG. Jane Street Group LLC purchased a new stake in Franklin Focused Growth ETF in the 1st quarter worth approximately $646,000. Raymond James Financial Inc. grew its stake in shares of Franklin Focused Growth ETF by 29.4% during the 2nd quarter. Raymond James Financial Inc. now owns 59,979 shares of the company’s stock worth $2,638,000 after purchasing an additional 13,624 shares during the period. Equitable Holdings Inc. increased its holdings in shares of Franklin Focused Growth ETF by 54.6% during the 3rd quarter. Equitable Holdings Inc. now owns 57,495 shares of the company’s stock valued at $2,734,000 after purchasing an additional 20,307 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Franklin Focused Growth ETF during the 3rd quarter valued at approximately $8,407,000. Finally, Citadel Advisors LLC lifted its stake in shares of Franklin Focused Growth ETF by 5.7% in the 3rd quarter. Citadel Advisors LLC now owns 30,500 shares of the company’s stock valued at $1,451,000 after purchasing an additional 1,642 shares during the period.

About Franklin Focused Growth ETF

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.