Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Stock Short Interest Declines 74.8%

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 13,785 shares, a drop of 74.8% from the September 15th total of 54,706 shares. Based on an average daily volume of 128,477 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Franklin Systematic Style Premia ETF Stock Up 0.4%

Shares of FLSP traded up $0.12 during trading hours on Tuesday, reaching $28.90. 66,080 shares of the company traded hands, compared to its average volume of 114,984. Franklin Systematic Style Premia ETF has a 12 month low of $26.12 and a 12 month high of $30.00. The company’s fifty day moving average price is $28.53 and its two-hundred day moving average price is $27.80. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 18.32 and a beta of 0.03.

Institutional Trading of Franklin Systematic Style Premia ETF

A number of hedge funds have recently modified their holdings of FLSP. Peak Financial Advisors LLC purchased a new position in Franklin Systematic Style Premia ETF during the 1st quarter valued at about $18,183,000. Assetmark Inc. raised its position in shares of Franklin Systematic Style Premia ETF by 34,460.7% in the 1st quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock worth $13,405,000 after purchasing an additional 491,409 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Franklin Systematic Style Premia ETF during the 1st quarter valued at about $4,198,000. Coppell Advisory Solutions LLC bought a new stake in Franklin Systematic Style Premia ETF during the 2nd quarter valued at about $39,000. Finally, First Trust Advisors LP purchased a new position in Franklin Systematic Style Premia ETF in the first quarter worth about $3,323,000.

About Franklin Systematic Style Premia ETF

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.