Short Interest in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Drops By 99.7%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 197 shares, a drop of 99.7% from the April 30th total of 64,292 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 122,084 shares, the short-interest ratio is currently 0.0 days.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.1%

BATS FLQM traded up $0.07 on Friday, reaching $57.20. The stock had a trading volume of 126,583 shares, compared to its average volume of 150,564. The stock has a fifty day moving average price of $56.01 and a two-hundred day moving average price of $56.65. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $52.67 and a 12-month high of $58.66. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Hedge funds 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 23.3% during the 4th quarter. Cetera Investment Advisers now owns 1,311,994 shares of the company’s stock valued at $73,813,000 after acquiring an additional 247,905 shares during the period. Eagle Wealth Strategies LLC lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 102.9% during the third quarter. Eagle Wealth Strategies LLC now owns 390,301 shares of the company’s stock worth $22,032,000 after purchasing an additional 197,968 shares in the last quarter. TrustBank purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $10,271,000. Bank of America Corp DE grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after purchasing an additional 177,777 shares in the last quarter. Finally, Piedmont Capital Management LLC NC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter worth approximately $9,934,000.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

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.