Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Short Interest Down 33.8% in August

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 35,541 shares, a drop of 33.8% from the August 15th total of 53,690 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 86,545 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLQL. Integrated Wealth Concepts LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the second quarter valued at $61,000. RFG Advisory LLC acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the second quarter worth about $11,622,000. CoreCap Advisors LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter valued at about $41,000. NewEdge Advisors LLC grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,459 shares of the company’s stock valued at $1,046,000 after buying an additional 166 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 107.6% during the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock valued at $36,978,000 after buying an additional 283,316 shares during the period.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 1.1%

Franklin U.S. Large Cap Multifactor Index ETF stock opened at $78.22 on Friday. The firm has a 50-day moving average price of $78.21 and a two-hundred day moving average price of $75.41. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. Franklin U.S. Large Cap Multifactor Index ETF has a 52-week low of $65.30 and a 52-week high of $81.55.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.