Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Sees Large Growth in Short Interest

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 828 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 2,814 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Franklin U.S. Small Cap Multifactor Index ETF Trading Up 1.1%

Shares of BATS FLQS opened at $49.98 on Wednesday. The stock has a fifty day moving average price of $47.68 and a 200 day moving average price of $45.72. Franklin U.S. Small Cap Multifactor Index ETF has a 12-month low of $40.26 and a 12-month high of $50.03. The company has a market cap of $57.48 million, a P/E ratio of 16.41 and a beta of 0.99.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Franklin U.S. Small Cap Multifactor Index ETF during the 4th quarter valued at about $61,000. IFP Advisors Inc boosted its holdings in Franklin U.S. Small Cap Multifactor Index ETF by 8.7% in the 4th quarter. IFP Advisors Inc now owns 3,496 shares of the company’s stock worth $151,000 after acquiring an additional 279 shares during the period. Raymond James Financial Inc. purchased a new position in Franklin U.S. Small Cap Multifactor Index ETF in the 2nd quarter worth approximately $256,000. CWM LLC grew its position in Franklin U.S. Small Cap Multifactor Index ETF by 506.5% in the fourth quarter. CWM LLC now owns 6,963 shares of the company’s stock valued at $301,000 after acquiring an additional 5,815 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Franklin U.S. Small Cap Multifactor Index ETF by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,363 shares of the company’s stock valued at $318,000 after acquiring an additional 390 shares in the last quarter.

About Franklin U.S. Small Cap Multifactor Index ETF

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.