Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Short Interest Update

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,786 shares, a drop of 39.7% from the August 15th total of 16,220 shares. Based on an average daily volume of 59,610 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock valued at $79,902,000 after acquiring an additional 142,619 shares during the period. Larson Financial Group LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 13.5% during the 4th quarter. Larson Financial Group LLC now owns 763,243 shares of the company’s stock worth $42,940,000 after purchasing an additional 90,960 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 550,196 shares of the company’s stock worth $30,954,000 after purchasing an additional 22,570 shares during the last quarter. Flynn Zito Capital Management LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.5% during the 4th quarter. Flynn Zito Capital Management LLC now owns 316,651 shares of the company’s stock worth $17,815,000 after purchasing an additional 13,571 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock valued at $17,729,000 after purchasing an additional 1,072 shares during the period.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 0.3%

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $59.42 on Friday. The firm has a fifty day simple moving average of $60.42 and a 200-day simple moving average of $57.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $53.87 and a 1-year high of $62.13. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

About Franklin U.S. Mid Cap Multifactor Index ETF

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.