Short Interest in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Grows By 7,398.0%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 14,771 shares, a growth of 7,398.0% from the May 14th total of 197 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 97,750 shares, the short-interest ratio is presently 0.2 days.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

FLQM stock traded up $0.72 during mid-day trading on Tuesday, reaching $57.65. The company had a trading volume of 69,897 shares, compared to its average volume of 149,170. The company has a market capitalization of $1.77 billion, a PE ratio of 16.69 and a beta of 0.98. The firm has a 50 day moving average of $56.39 and a 200 day moving average of $56.75. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $53.23 and a 12 month high of $58.66.

Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter valued at $1,528,000. NewEdge Advisors LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after buying an additional 326 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% in the second quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after buying an additional 62,992 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock worth $143,407,000 after buying an additional 43,120 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake 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 worth $36,783,000 after buying an additional 177,777 shares in the last quarter.

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.