Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Up 1,866.7% in June

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 726,100 shares, a growth of 1,866.7% from the June 15th total of 36,920 shares. Based on an average daily trading volume, of 211,519 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.0% of the shares of the company are short sold.

Franklin Systematic Style Premia ETF Trading Up 1.0%

NYSEARCA FLSP traded up $0.28 on Friday, hitting $27.63. 84,883 shares of the company’s stock traded hands, compared to its average volume of 113,055. Franklin Systematic Style Premia ETF has a 1-year low of $23.90 and a 1-year high of $29.01. The firm’s 50-day moving average price is $27.36 and its two-hundred day moving average price is $27.20. The firm has a market capitalization of $993.30 million, a PE ratio of 18.32 and a beta of 0.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tredje AP fonden boosted its holdings in Franklin Systematic Style Premia ETF by 101.2% in the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock valued at $216,626,000 after purchasing an additional 4,050,000 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Franklin Systematic Style Premia ETF by 19.1% during the fourth quarter. Franklin Resources Inc. now owns 6,969,526 shares of the company’s stock worth $187,550,000 after buying an additional 1,119,845 shares in the last quarter. Peak Financial Advisors LLC purchased a new stake in Franklin Systematic Style Premia ETF during the first quarter worth $18,183,000. Assetmark Inc. grew its position in Franklin Systematic Style Premia ETF by 34,460.7% during the first quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock valued at $13,405,000 after buying an additional 491,409 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in Franklin Systematic Style Premia ETF during the third quarter valued at $5,791,000.

Franklin Systematic Style Premia ETF Company Profile

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.