Franklin Disruptive Commerce ETF (BATS:BUYZ) Sees Large Decrease in Short Interest

Franklin Disruptive Commerce ETF (BATS:BUYZ) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 40 shares, a drop of 66.9% from the August 15th total of 121 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 268 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Disruptive Commerce ETF Stock Performance

Franklin Disruptive Commerce ETF stock opened at $34.84 on Friday. The firm has a market capitalization of $6.97 million, a PE ratio of 42.43 and a beta of 1.37. Franklin Disruptive Commerce ETF has a one year low of $30.81 and a one year high of $44.78. The stock’s 50 day moving average price is $35.64 and its 200 day moving average price is $34.51.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Franklin Disruptive Commerce ETF during the 1st quarter worth $304,000. Citadel Advisors LLC purchased a new position in Franklin Disruptive Commerce ETF in the 3rd quarter valued at about $307,000. Arax Advisory Partners purchased a new position in Franklin Disruptive Commerce ETF in the 4th quarter valued at about $42,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Franklin Disruptive Commerce ETF during the fourth quarter valued at about $33,000.

About Franklin Disruptive Commerce ETF

The Franklin Disruptive Commerce ETF (BUYZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global equities expecting to benefit from disruptive commerce for consumers and businesses. BUYZ was launched on Feb 25, 2020 and is managed by Franklin Templeton.