Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 20,765 shares, a decrease of 37.6% from the April 30th total of 33,268 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 27,096 shares, the short-interest ratio is currently 0.8 days.
Franklin Systematic Style Premia ETF Stock Up 0.3%
Shares of Franklin Systematic Style Premia ETF stock opened at $27.24 on Wednesday. The firm has a market capitalization of $743.65 million, a P/E ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 52 week low of $23.90 and a 52 week high of $27.89. The firm’s 50 day moving average is $27.16 and its two-hundred day moving average is $27.12.
Hedge Funds Weigh In On Franklin Systematic Style Premia ETF
A number of hedge funds have recently modified their holdings of FLSP. Integrated Wealth Concepts LLC grew its position in shares of Franklin Systematic Style Premia ETF by 2.6% during the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after acquiring an additional 434 shares during the last quarter. Jane Street Group LLC acquired a new position in Franklin Systematic Style Premia ETF in the first quarter valued at $1,423,000. Raymond James Financial Inc. acquired a new position in Franklin Systematic Style Premia ETF in the second quarter valued at $117,000. Bank of America Corp DE increased its stake in Franklin Systematic Style Premia ETF by 1.3% in the second quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock valued at $25,816,000 after purchasing an additional 13,975 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Franklin Systematic Style Premia ETF by 458.3% in the second quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after purchasing an additional 13,336 shares during the period.
Franklin Systematic Style Premia ETF Company Profile
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.
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