Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Sees Large Growth in Short Interest

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 828 shares, a growth of ∞ from the June 30th total of 0 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,814 shares, the short-interest ratio is currently 0.3 days.

Franklin U.S. Small Cap Multifactor Index ETF Stock Performance

Shares of Franklin U.S. Small Cap Multifactor Index ETF stock opened at $49.98 on Wednesday. The firm has a market cap of $57.48 million, a PE ratio of 16.41 and a beta of 0.99. The firm’s 50-day simple moving average is $47.68 and its 200-day simple moving average is $45.72. Franklin U.S. Small Cap Multifactor Index ETF has a 1 year low of $40.26 and a 1 year high of $50.03.

Institutional Trading of Franklin U.S. Small Cap Multifactor Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in Franklin U.S. Small Cap Multifactor Index ETF by 81.5% in the fourth quarter. Osaic Holdings Inc. now owns 68,112 shares of the company’s stock worth $2,942,000 after purchasing an additional 30,583 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Franklin U.S. Small Cap Multifactor Index ETF during the second quarter worth $256,000. CWM LLC raised its holdings in shares of Franklin U.S. Small Cap Multifactor Index ETF by 506.5% during the fourth quarter. CWM LLC now owns 6,963 shares of the company’s stock worth $301,000 after purchasing an additional 5,815 shares during the period. Bank of America Corp DE raised its holdings in shares of Franklin U.S. Small Cap Multifactor Index ETF by 41.0% during the third quarter. Bank of America Corp DE now owns 14,404 shares of the company’s stock worth $633,000 after purchasing an additional 4,185 shares during the period. Finally, Equitable Holdings Inc. lifted its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 9.3% in the 4th quarter. Equitable Holdings Inc. now owns 34,834 shares of the company’s stock worth $1,505,000 after buying an additional 2,972 shares during the last quarter.

About Franklin U.S. Small Cap Multifactor Index ETF

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.