Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Down 95.5% in April

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 41,236 shares, a decline of 95.5% from the March 31st total of 923,025 shares. Based on an average daily volume of 125,807 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Franklin Systematic Style Premia ETF Stock Up 0.3%

FLSP traded up $0.09 during midday trading on Friday, reaching $27.06. The company had a trading volume of 24,529 shares, compared to its average volume of 123,895. The business has a 50-day moving average of $27.25 and a two-hundred day moving average of $27.01. Franklin Systematic Style Premia ETF has a 1 year low of $23.15 and a 1 year high of $27.89. The company has a market cap of $736.03 million, a P/E ratio of 18.32 and a beta of 0.05.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in Franklin Systematic Style Premia ETF during the 3rd quarter valued at approximately $27,000. Assetmark Inc. raised its holdings in shares of Franklin Systematic Style Premia ETF by 1,558.1% during the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after acquiring an additional 1,340 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Franklin Systematic Style Premia ETF during the 4th quarter valued at approximately $68,000. Raymond James Financial Inc. bought a new position in shares of Franklin Systematic Style Premia ETF during the 2nd quarter valued at approximately $117,000. Finally, Elyxium Wealth LLC bought a new position in shares of Franklin Systematic Style Premia ETF during the 4th quarter valued at approximately $217,000.

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.