Short Interest in Franklin Focused Growth ETF (BATS:FFOG) Decreases By 51.9%

Franklin Focused Growth ETF (BATS:FFOG) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 13,791 shares, a decrease of 51.9% from the May 14th total of 28,693 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 33,291 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Franklin Focused Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in FFOG. Ameriprise Financial Inc. acquired a new stake in shares of Franklin Focused Growth ETF in the third quarter valued at about $8,407,000. LPL Financial LLC increased its stake in shares of Franklin Focused Growth ETF by 13.2% in the fourth quarter. LPL Financial LLC now owns 547,081 shares of the company’s stock valued at $25,598,000 after buying an additional 63,610 shares during the period. Cetera Investment Advisers increased its stake in shares of Franklin Focused Growth ETF by 28.0% in the fourth quarter. Cetera Investment Advisers now owns 275,312 shares of the company’s stock valued at $12,882,000 after buying an additional 60,143 shares during the period. IFG Advisory LLC acquired a new stake in shares of Franklin Focused Growth ETF in the fourth quarter valued at about $1,298,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Franklin Focused Growth ETF by 1,087.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 22,435 shares of the company’s stock valued at $1,050,000 after buying an additional 20,546 shares during the period.

Franklin Focused Growth ETF Stock Performance

Shares of FFOG stock opened at $49.81 on Monday. The stock has a market cap of $169.35 million, a price-to-earnings ratio of 47.17 and a beta of 1.43. The stock has a 50-day moving average of $48.35 and a 200-day moving average of $46.21. Franklin Focused Growth ETF has a 1-year low of $38.89 and a 1-year high of $52.50.

Franklin Focused Growth ETF Company Profile

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.