Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Short Interest Update

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 11,762 shares, a growth of 220.4% from the July 15th total of 3,671 shares. Based on an average daily volume of 75,756 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

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

Shares of FLQM opened at $61.28 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $53.87 and a 1 year high of $61.71. The company has a 50 day simple moving average of $58.92 and a two-hundred day simple moving average of $57.44. The firm has a market cap of $1.88 billion, a P/E ratio of 16.69 and a beta of 0.98.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FLQM. Fifth Third Bancorp bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at $50,000. Comerica Bank purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth $51,000. Richards Merrill & Peterson Inc. purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter valued at about $52,000. NewEdge Advisors LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after purchasing an additional 326 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth about $118,000.

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.