Franklin LibertyQ International Equity Hedged ETF (NYSEARCA:FLQH) Stock Price Down 0.9% – Here’s Why

Franklin LibertyQ International Equity Hedged ETF (NYSEARCA:FLQH)’s share price dropped 0.9% during trading on Tuesday . The company traded as low as $39.35 and last traded at $39.45. Approximately 129,591 shares traded hands during mid-day trading, an increase of 2,363% from the average daily volume of 5,261 shares. The stock had previously closed at $39.80.

Franklin LibertyQ International Equity Hedged ETF Price Performance

The firm has a market cap of $31.56 million, a price-to-earnings ratio of 14.82 and a beta of 0.56. The firm has a fifty day simple moving average of $41.14 and a two-hundred day simple moving average of $39.12.

About Franklin LibertyQ International Equity Hedged ETF

The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Developed Markets ex-North America Target Market Exposure Index and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.