Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 33,726 shares, a decrease of 58.8% from the July 30th total of 81,760 shares. Based on an average daily trading volume, of 76,974 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FLSP. Ameritas Advisory Services LLC acquired a new position in shares of Franklin Systematic Style Premia ETF in the 2nd quarter valued at about $218,000. Aspire Capital Advisors LLC bought a new stake in shares of Franklin Systematic Style Premia ETF during the 2nd quarter valued at about $215,000. Coppell Advisory Solutions LLC acquired a new stake in Franklin Systematic Style Premia ETF during the second quarter worth approximately $39,000. Dynamic Advisor Solutions LLC grew its stake in Franklin Systematic Style Premia ETF by 24.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 143,526 shares of the company’s stock worth $3,974,000 after purchasing an additional 27,958 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in Franklin Systematic Style Premia ETF by 48.7% in the second quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after purchasing an additional 565 shares in the last quarter.
Franklin Systematic Style Premia ETF Stock Down 0.3%
Shares of NYSEARCA FLSP opened at $28.37 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a twelve month low of $25.12 and a twelve month high of $29.01. The firm has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $27.48.
About Franklin Systematic Style Premia ETF
The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.
Recommended Stories
- Five stocks we like better than Franklin Systematic Style Premia ETF
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Franklin Systematic Style Premia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Systematic Style Premia ETF and related companies with MarketBeat.com's FREE daily email newsletter.
