Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Short Interest Down 40.6% in April

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 29,669 shares, a decrease of 40.6% from the April 15th total of 49,988 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 96,181 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Dunhill Financial LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter worth $39,000. Qube Research & Technologies Ltd bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter worth $81,000. Comerica Bank grew its stake in Franklin U.S. Large Cap Multifactor Index ETF by 17.9% during the 4th quarter. Comerica Bank now owns 1,650 shares of the company’s stock worth $114,000 after buying an additional 250 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF during the 4th quarter worth $115,000.

Franklin U.S. Large Cap Multifactor Index ETF Price Performance

Shares of FLQL opened at $76.44 on Friday. The company has a market cap of $1.85 billion, a P/E ratio of 24.11 and a beta of 0.95. The stock has a fifty day moving average price of $71.46 and a 200 day moving average price of $70.56. Franklin U.S. Large Cap Multifactor Index ETF has a 12 month low of $58.55 and a 12 month high of $77.65.

About Franklin U.S. Large Cap Multifactor Index ETF

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.