Franklin Intelligent Machines ETF (BATS:IQM) Short Interest Down 98.5% in June

Franklin Intelligent Machines ETF (BATS:IQM) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 4,502 shares, a decline of 98.5% from the June 15th total of 298,310 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 3,737 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Franklin Intelligent Machines ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IQM. Avior Wealth Management LLC purchased a new stake in Franklin Intelligent Machines ETF during the 2nd quarter worth $338,000. Howard Financial Services LTD. purchased a new position in Franklin Intelligent Machines ETF in the 2nd quarter valued at about $532,000. Cetera Investment Advisers grew its stake in shares of Franklin Intelligent Machines ETF by 116.3% during the first quarter. Cetera Investment Advisers now owns 90,839 shares of the company’s stock valued at $8,035,000 after acquiring an additional 48,843 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Franklin Intelligent Machines ETF during the first quarter valued at about $959,000. Finally, Osaic Holdings Inc. increased its position in shares of Franklin Intelligent Machines ETF by 13.2% during the fourth quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock worth $2,015,000 after acquiring an additional 2,685 shares during the last quarter.

Franklin Intelligent Machines ETF Stock Up 0.1%

Shares of BATS IQM traded up $0.16 on Friday, hitting $113.87. The company had a trading volume of 2,879 shares, compared to its average volume of 7,387. Franklin Intelligent Machines ETF has a 12-month low of $75.07 and a 12-month high of $126.21. The firm has a market capitalization of $51.24 million, a P/E ratio of 47.30 and a beta of 1.46. The business has a 50 day moving average of $115.36 and a two-hundred day moving average of $101.38.

Franklin Intelligent Machines ETF Company Profile

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.