Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Short Interest Up 50.9% in July

Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 100,838 shares, an increase of 50.9% from the July 15th total of 66,823 shares. Based on an average daily volume of 46,096 shares, the short-interest ratio is presently 2.2 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

Several institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 4th quarter worth approximately $35,000. CoreCap Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF during the second quarter worth approximately $37,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Franklin U.S. Equity Index ETF in the 4th quarter valued at $46,000. TOWER TRUST & INVESTMENT Co purchased a new position in shares of Franklin U.S. Equity Index ETF during the second quarter worth about $82,000. Finally, Larson Financial Group LLC acquired a new position in Franklin U.S. Equity Index ETF during the fourth quarter worth approximately $106,000.

Franklin U.S. Equity Index ETF Price Performance

USPX traded up $0.24 during trading hours on Wednesday, reaching $67.36. The company’s stock had a trading volume of 3,371 shares, compared to its average volume of 85,355. The stock has a market cap of $2.07 billion, a PE ratio of 25.39 and a beta of 0.93. Franklin U.S. Equity Index ETF has a fifty-two week low of $54.99 and a fifty-two week high of $68.16. The business’s 50-day moving average is $65.60 and its 200-day moving average is $62.66.

Franklin U.S. Equity Index ETF Company Profile

(Get Free Report)

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).

Further Reading

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