Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Update

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 33,726 shares, a decrease of 58.8% from the July 30th total of 81,760 shares. Based on an average trading volume of 76,974 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

A number of institutional investors and hedge funds have recently modified their holdings of FLSP. Integrated Wealth Concepts LLC boosted its position in Franklin Systematic Style Premia ETF by 2.6% in the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after buying an additional 434 shares during the last quarter. Jane Street Group LLC acquired a new stake in Franklin Systematic Style Premia ETF during the 1st quarter valued at approximately $1,423,000. Raymond James Financial Inc. acquired a new stake in Franklin Systematic Style Premia ETF during the 2nd quarter valued at approximately $117,000. Bank of America Corp DE lifted its stake in Franklin Systematic Style Premia ETF by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock valued at $25,816,000 after acquiring an additional 13,975 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Franklin Systematic Style Premia ETF by 458.3% in the 2nd quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after acquiring an additional 13,336 shares during the last quarter.

Franklin Systematic Style Premia ETF Price Performance

FLSP traded down $0.05 on Friday, reaching $28.32. 33,650 shares of the stock were exchanged, compared to its average volume of 105,957. The company’s 50-day moving average price is $27.92 and its 200 day moving average price is $27.49. Franklin Systematic Style Premia ETF has a fifty-two week low of $25.12 and a fifty-two week high of $29.01. The firm has a market capitalization of $1.05 billion, a PE ratio of 18.32 and a beta of 0.04.

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.